Dominic Chappell
This coverage examines the legal and financial repercussions of Dominic Chappell’s acquisition of British Home Stores (BHS) in 2015. Chappell, who purchased BHS for £1, was subsequently convicted for tax evasion, failing to pay approximately £584k in taxes on £2.2m of income derived from the deal. The collapse of BHS in 2016 led to 11,000 job losses and a £571m pension deficit. In 2024, the High Court ordered Chappell to repay at least £50m for wrongful trading and breach of fiduciary duty. This content provides insights into the legal proceedings and financial implications of Chappell’s actions, offering valuable information for retail professionals, legal experts, and business executives.
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Jun- 2024 -26 JuneNews
Today’s news in brief
Former BHS owner Dominic Chappell has been ordered to pay at least £50m by a High Court judge for the losses incurred by the high street chain before its collapse. Chappell, who bought BHS for £1 from Philip Green, faces charges from liquidators for wrongful trading, misfeasance, and breach of…
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26 JuneHigh Street
Dominic Chappell ordered to pay £50m over BHS collapse
Former owner of BHS Dominic Chappell has been ordered to pay at least £50m to cover the losses incurred by the high street chain prior to its collapse, according to the Financial Times. A High Court judge has ruled that Chappell, who acquired the business for £1 from Phillip Green,…
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12 JuneNews
Today’s news in brief-12/6/24
The UK economy stalled in April 2024, showing no growth after a 0.4% increase in March, as wet weather significantly dampened consumer spending, according to the Office for National Statistics. Services output did rise by 0.2% for the fourth consecutive month and grew by 0.9% over the three months to…
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12 JuneNews
Ex-BHS directors fined £13m over ‘wrongful trading’
Two former directors of department store chain BHS have been ordered to pay at least £13m to creditors over their involvement in the collapse of the retailer in 2016. High Court judge Justice Leech has fined Lennart Hennington and Dominic Chandler £6.5m each after finding them liable for wrongful trading…
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Apr- 2024 -15 AprilNews
Today’s news in brief-15/4/24
Dr. Martens has initiated legal action against online retailer Temu for alleged trademark infringement. Dr. Martens claims that Temu used keywords like “Dr. Martens” and “Airwair” in Google ads to promote its boots, gaining visibility over Dr. Martens’ authentic products. While the lawsuit was filed in the High Court, the…
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15 AprilPeople Moves
Former BHS owner recalled to prison for breach of licence
Dominic Chappell, the former owner of BHS, has been made to return to HMP Guys Marsh in Dorset for breach of his licence conditions, The Times has reported. The news follows his recent release in November 2023, having served half of his six-year sentence for tax evasion. The businessman, who…
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Nov- 2020 -30 NovemberComment
Arcadia Collapse: What went wrong?
Once a titan of UK retail, the collapse of Arcadia 10 years ago would have come as a shock to everyone on the high street, whereas in 2020, the road to its demise has been mapped for some time and has now finally reached its end – with its rivals…
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6 NovemberDepartment Stores
Dominic Chappell jailed for six years for tax evasion
The former owner of BHS, Dominic Chappell, has been jailed for six years for evading paying tax from the deal which saw him acquire the now defunct department store. According to Sky News, Chappell was convicted after he failed to pay £580,000 in tax on the £2.2m income he gained…
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Nov- 2019 -6 NovemberPeople Moves
Former BHS owner banned from being a director for 10 years
Former BHS director Dominic Chappell has been disqualified from running a company for 10 years. Ex-racing driver Chappell purchased BHS from Sir Phillip Green for £1 in 2015, but the chain collapsed in April 2016, resulting in over 10,000 jobs being lost. The Insolvency Service disqualified Chappell for “abusing his…
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Oct- 2019 -7 OctoberHigh Street
Ex-BHS owner Dominic Chappell denies tax fraud
The former owner of BHS Dominic Chappell has denied he avoided paying £500,000 in tax. Chapell pleaded not guilty to three charges of tax evasion at Southwark Crown Court. The charges allege that he failed to register his former finance company Swiss Rock for taxes from the correct date, gave…
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