COMMONS

Arcadia Group and advisers questioned on BHS acquisition and pensions

20 May 2016

The Business, Innovation and Skills Committee and the Work and Pensions Committee hold a joint evidence session focusing on the role of advisers and the scope and nature of their advice on the sale and purchase of  BHS and the arrangements for pensions.

Written statement from Lord Grabiner

Lord Grabiner, has written to the Committees (PDF PDF 164 KB) explaining his involvement with BHS.  

Witnesses

Monday 23 May 2016, Grimond Room, Portcullis House

At 3.50pm

Panel 1: Advisers on pensions

  • Ian Greenstreet (Partner), Nabarro
  • Tony Clare (Partner), Deloitte
  • David Clarke (Partner), KPMG
  • Richard Cousins (Partner), PwC
  • Emma King (Partner), Eversheds

Panel 2: Advisers to Arcadia / Taveta

  • Owen Clay (Partner), Linklaters
  • Steve Denison (Partner), PwC
  • Anthony Gutman (Co-Head, EMEA Investment Banking Services), Goldman Sachs

Panel 3: Arcadia / Taveta

  • Ian Grabiner, CEO Arcadia Group, Director, Taveta Investments (No.2) and Taveta Investments Ltd
  • Lord Grabiner, Director and Non-Executive Chairman of Taveta Investments (No.2) and Taveta Investments Ltd
  • Paul Budge, Finance Director, Arcadia Group, Director Taveta Investments Ltd.
  • Gillian Hague, Group Financial Controller, Arcadia Group’s Shared Services, Director, Arcadia Group and Taveta Investments (No.2) Ltd
  • Chris Harris, Group Property Director, Arcadia Group, Director, Taveta Investments Ltd

Purpose of the session

The session covers:

  • questions in relation to the BHS pension fund
  • the role of directors in the sale of BHS
  • the checks carried out on Retail Acquisitions Limited before their purchase of BHS

Further information

Image: PA

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