The demise Of BHS - A Timeline Of activities

Key events in the disintegrate of the branch save chain as Sir Philip green gives his aspect of the story to the MPs' inquiry.

 It started out existence as a single fashionable store in south London in 1928, but the fall apart of what have become BHS in April has now left 11,000 group of workers with out jobs and a pension deficit of £571m.

:: 2000: Sir Philip inexperienced pays £200m for BHS. The chain has a pension fund surplus of £5m at that time.

:: 2004: BHS shareholders, along with the green own family, have taken more than £420m in dividends over the past two years.

:: 2006: The retail tycoon is knighted. Sir Philip admits BHS struggles amid difficult excessive avenue opposition.

:: 2009: The BHS pension deficit reaches almost £140m.

:: 2014: BHS annual losses pinnacle £21m.

:: 2015: Sir Philip sells BHS to Retail Acquisitions, led by using former bankrupt Dominic Chappell, for £1.

:: March 2016: The chain nets a lifeline while lenders lower back two employer voluntary preparations designed to cut fees and prevent big save closures.

:: April 2016: BHS collapses into management, sparking an investigation with the aid of MPs into Sir Philip and Mr Chappell. 

:: may additionally 2016: Sir Philip demands the chair of the paintings & Pensions select Committee, Frank discipline, steps down from the function for suggesting he be stripped of his knighthood except he took obligation for the pension deficit.

The Pension safety Fund, the most important unsecured creditor in BHS, estimates its legal responsibility at £275m and urges directors to line up liquidators.

A Goldman Sachs banker tells the MPs' inquiry that Arcadia organization become warned 4 months before the sale of BHS to Retail Acquisitions that Mr Chappell had previously been declared bankrupt.

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enterprise minister Anna Soubry says the authorities could are looking for bans if investigators discover any evidence that the behavior of directors brought about the fall apart of BHS.

the former BHS finance director, Michael Hitchcock, tells MPs Mr Chappell is a "finest League liar" who threatened to kill the chief govt of the agency over £1.5m being taken out of it by way of the owner.

Mr Chappell, in his own evidence, said relationships broke down at some stage in a awful buying and selling duration and alleged a "screaming and shouting" Sir Philip had blocked a rescue of BHS by means of Mike Ashley's sports Direct empire.