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Oliver Shah - Damaged Goods

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Oliver Shah Damaged Goods

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Oliver Shah

DAMAGED GOODS
The Inside Story of Sir Philip Green, the Collapse of BHS and the Death of the High Street
6 DREAMS COME TRUE Before this book went to print Greens lawyers wrote to - photo 1
6. DREAMS COME TRUE

Before this book went to print, Greens lawyers wrote to reiterate that he was awarded his honour for services to the retail industry, not for his charitable work, that he had never desired an honour of any kind, and that the decision to knight him was made independently by the honours and appointments secretariat at the Cabinet Office. In fairness, many of his retail achievements had long pre-dated the cash-for-honours scandal of 2006 and 2007, and Green was not implicated in it.

PORTFOLIO

UK | USA | Canada | Ireland | Australia

India | New Zealand | South Africa

Portfolio is part of the Penguin Random House group of companies whose addresses can be found at global.penguinrandomhouse.com.

First published 2018 Copyright Oliver Shah 2018 The moral right of the author - photo 2

First published 2018

Copyright Oliver Shah, 2018

The moral right of the author has been asserted

ISBN: 978-0-241-34126-1

For Henry Hector, Melissa Tarrant, George Vallossian and all the sources who made this story possible

A word of thanks

With special thanks to Toby Mundy, my agent; Lydia Yadi, my editor at Penguin Random House; Eric Musgrave, for his painstaking archive research; Pia Sarma and the legal team at the Sunday Times, for all their help with the original BHS stories; and to Judi Bevan, John Jay and Richard Hyman, for their forensic reading of the draft manuscript.

The protagonists

The following descriptions indicate the positions occupied by the main characters, some of whom have since moved on or retired, at the time of the events set out in this book. They also include any titles held at the time of writing, although some of these were not awarded until after the events described, and so are not used in the text.

Ros Altmann

Pensions minister

Mike Ashley

Founder of Sports Direct

Ted Ball

Founder of Landhurst Leasing

Sir David and Sir Frederick Barclay

Backers of Sir Philip Greens takeover bid for Sears

David Barraclough

Managing director at HSBC

Neil Bennett

PR adviser to Sir Philip Green and chief executive of Maitland

Tony Berry

Executive chairman of Blue Arrow

George Bingham

Neighbour of Dominic Chappell in Dorset

Chris Blackhurst

City editor of the Evening Standard

Andy Bond

Former chief executive of Asda

Stephen Bourne

Former head of corporate finance at BDO Stoy Hayward and adviser to Retail Acquisitions

Baroness Karren Brady

Chair of Taveta Investments, Arcadia Groups holding company, since 2017

Robert Breare

Founder of Snoozebox and associate of Paul Sutton

Rebekah Brooks

Chief executive of News UK

Henry Broughton

Son of Lord and Lady Fairhaven

James Broughton

Son of Lord and Lady Fairhaven

Alex Brummer

City editor of the Daily Mail

Karen Buck

Labour MP and member of the BHS select committee

Paul Budge

Finance director of Arcadia Group

Neil Burns

Brother-in-law of Paul Sutton

Jackie Caring (ne Stead)

Wife of Richard Caring between 1971 and 2016

Richard Caring

Hong Kong-based clothing supplier; later owner of Annabels and other fashionable London venues

Simon Cawkwell

Short seller known as Evil Knievel

Dominic Chandler

Barrister and legal adviser to Retail Acquisitions

Damon Chappell

Brother of Dominic Chappell

Dominic Chappell

Serial bankrupt and 90 per cent owner of Retail Acquisitions

Joe Chappell

Father of Dominic Chappell

Rebecca Chappell

Wife of Dominic Chappell

Owen Clay

Partner at Linklaters and adviser to Sir Philip Green

Sir Charles Clore

Pioneer of the hostile takeover

Paul Coackley

Finance director of Sears after Sir Philip Greens takeover; later finance director and chief operating officer of BHS between 2000 and 2010

Graham Coles

Finance director of Amber Day

Jean Costello

Shop worker at BHS in South Shields

Jack Cotton

Business partner of Sir Charles Clore

Simon Cowell

Creator of The X Factor and Britains Got Talent

Geoff Cruickshank

Head of intelligence at the Pensions Regulator

Peter Cummings

Head of corporate lending at Bank of Scotland, later HBOS

Paul Dacre

Editor of the Daily Mail

Malcolm Dalgleish

Property agent and adviser to Sir Philip Green; later European chairman of retail at CBRE

John Danhakl

Joint managing partner of Leonard Green & Partners

Alex Dellal

Property trader and grandson of Black Jack Dellal

Steve Denison

Partner at PwC and auditor to Arcadia Group

Dr Margaret Downes

Chair of the BHS pension trustees between 2000 and the end of 2013

Joseph Dryer

Head of capital markets at RiverRock and adviser to Retail Acquisitions

Phil Duffy

Managing director of Duff & Phelps; appointed as administrator to BHS

Robert Earl

Founder of Planet Hollywood and Everton FC stakeholder

Panos Eliades

Schoolfriend of Sir Philip Green; later an insolvency professional

Jimmy Evans

Violent criminal and protection man for Tony Schneider

Lord and Lady Fairhaven

Owners of the Kirtling estate near Newmarket and victims of Paul Sutton

Frank Field

Labour MP and joint chairman of the BHS select committee

Steve Frankham

Building contractor who bankrupted Dominic Chappell over the Island Harbour property development

Richard Fuller

Conservative MP and member of the BHS select committee

Sir David Garrard

Chairman of Minerva, parent company of Allders

Rodney Geminder

Shoe importer and Sir Philip Greens first employer

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