Karren Brady to chair company that owns Philip Green retail empire

Karren Brady executive vice-chairwoman of West Ham United is taking a lead role at Taveta Investments the parent company of Arcardia Group

Karren Brady to chair company that owns Philip Green's Arcadia group

Philip Green has appointed well-known business woman Karren Brady to chair the parent company of his Arcadia retail empire.

Lord Grabiner, a prominent QC, spent 15 years leading the Taveta board, which came under fire from MPs for providing "weak" corporate governance that contributed "substantially" to the demise of BHS. Taveta is the Green family firm, owned by Sir Philip Green's Monaco-based wife Tina.

The Topshop owner was grilled by MPs over the sale of the chain, which he owned for 15 years before offloading it for £1 to former bankrupt Dominic Chappell in 2015. In a statement Sir Philip Green thanked Grabiner for his service and added: "I am delighted to announce that Baroness Karren Brady will be appointed as non-executive chairman".

About a year later the department store group collapsed with the loss of 11,000 jobs and leaving a multimillion pound pension deficit.

Brady (48), who has been a non-executive director of Taveta since 2010, has assumed the role of non-executive chairman with immediate effect, succeeding Anthony Grabiner, who has been with the company for 15 years.

Arcadia employs over 24,000 people and has an annual turnover in excess of £2 billion (€2.3 billion ).

Baroness Brady is well known to television viewers as an adviser to Lord Alan Sugar on BBC reality show The Apprentice.

"It is a privilege to have been invited to chair the board and I look forward to working with my colleagues as we concentrate on driving the Arcadia brands forward on their global expansion".

Earlier this year, he agreed to pay £363m to plug a hole in BHS retirement schemes.

Sales were down 2.5% while the business was also hit by costs linked to the collapse of BHS.

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