All BHS articles

  • AccountingProbe

    FRC investigates EY over Thomas Cook’s books


    The U.K. Financial Reporting Council is investigating EY over the audit work it carried out at travel firm Thomas Cook, which recently declared bankruptcy.

  • Blog post

    Learning from the BHS pensions debacle


    If a regulator wants to deflect blame from itself, it had better come up with a set of credible changes and even better—a proper apology.

  • Article

    “Chancer” chauffeurs and liquidators: the Retail Acquisitions story


    Retail Acquisitions’ purchase of troubled retailer BHS for £1 (U.S.$1.3) has since been complicated by a £6M (U.S.$7.8M) loan coming due and some extremely unstable governance issues.

  • Blog post

    Cheques and balances


    Sir Philip Green made a deal to pay two-thirds of his former company’s pension deficit last month to keep his reputation intact. But there’s not a lot to be thankful for.

  • Blog post

    BHS: asset strippers, chancers, and governance failures


    Parliament released a scathing report on the sale and management of retail chain BHS in late July. The report, says Paul Hodgson, led to calls for someone to be stripped of his knighthood—a first in Parliament history.

  • MagnifyingGlassOnMoney
    Blog post

    FRC announces investigations into KPMG and PwC


    The U.K. Financial Reporting Council, an independent investigative body that monitors and enforces accounting standards, is looking into audits made of financial services companies in the days preceding the global financial crisis of 2008-2009, starting with a delve into the work of two key accountancy firms—KPMG and PwC. Paul Hodgson ...