- Chappell confirms he has received legal letter from Green
- He is flying back to UK on advice from lawyers
- Green has also sent legal letter to select committee chair Frank Field
Former BHS owner Dominic Chappell is trying to repair his maligned reputation after parliament damned him as the “most egregious example of individual greed”.
According to reports, Chappell confirmed that he has been issued with a letter from Arcadia tycoon Sir Philip Green, who has threatened legal action against him and three other Retail Acquisition directors after their disastrous deal.
The Telegraph reported that Chappell was flying back to Britain after discussing the letter with his lawyers. He is due to make a full statement later today.
Meanwhile, Green is embroiled in a row with select committee chair Frank Field, from whom he has demanded an apology in a legal letter from reputation experts Schillings, after Field made “defamatory” comments on BBC Radio 4.
A spokeswoman for Field told Retail Week yesterday that he would formally respond to the letter but would not apologise or retract his comments.
Green is facing the wrath of BHS staff over its pension issue after they took to social media to express their anger.
Workers are sharing petitions and creating support groups as they blame him for the demise of the high street retailer.
Employees are demanding that Green secure their financial futures by paying the cost of their pensions.