BHS and Philip Green fall 2016 Key players: Sir Philip Green, Dominic Chappell. What happened? High Street retailer BHS sensationally collapsed into administration with a huge pensions deficit in April 2016, costing around 9,000 jobs. That came 13 months after tycoon Sir Philip Green sold BHS for £1 to a firm led by serial bankrupt Dominic Chappell. Impact? All the chain's 164 shops closed. A lengthy probe by MPs followed and concluded Green had chosen to rush a sale of the chain to a buyer who was "manifestly unsuitable". Green faced calls to be stripped of his knighthood and had a dust-up with Sky News while on holiday in Greece. However, pressure on him seemingly softened when he made a voluntary contribution of up to £363 million to rescue the BHS pension scheme. Chappell was last month banned from being a director for 10 years. Green has since faced allegations of sexual harassment, which he denies.