Philip Green's attempt to gag watchdog fails
SAM TOBIN reports from the High Court
DISGRACED retailer Sir Philip Green’s attempt to gag accountancy watchdog the Financial Reporting Council (FRC) was thrown out by the High Court today.
The Monaco-based tycoon’s company Taveta Investments — parent of Arcadia Group, which owns Topshop and Miss Selfridge — tried to stop the FRC publishing a damning report on the audit of BHS by PricewaterhouseCoopers (PwC).
The collapse of the high street retailer in 2016 saw 11,000 jobs lost and left a £571 million black hole in the company’s pension fund just over a year after Mr Green had sold the company to three-time bankrupt Dominic Chappell for £1.
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