It has been announced that Stoke-on-Trent pottery-giant Steelite International has been acquired by an American investor.
According to the Stoke Sentinel, the 1,000 people who work at the tableware manufacturer are being reassured that their jobs are safe.
The company has been bought out by Americas division President John Miles, and PNC Riverarch Capital. Mr Miles has also been appointed the CEO of Steelite International.
John Miles said:
We will continue the investment in the manufacturing sector to improve efficiencies, service levels and provide value added to our customers.
I look forward to working with our management team to grow and improve the business.
Sir Philip Green said that poor two-way conversation was responsible for the £571m BHS pension deficit but added the issue was "not on my table".
He said he was not involved in talks and that between 2000 and 2012 he had little idea about the state of the pension scheme.
I was not actively involved in pension conversations. Maybe if I had of been... we all wouldn't be sitting here, but I wasn't.
Karen Buck MP asked: "Do you recall what the state of the pension fund was in 2006 after the years in which, as we've already heard, there were very substantial dividends taken from the company?"
"I don't think that's very fair," Sir Philip replied. "We put back £750m, everybody wants to ignore that."
Ex-BHS boss Sir Philip Green said that poor communication with the trustees was to blame for the £571m pension deficit which covered 20,000 current and past employees.
If pension trustees and auditors had spoken to us on day we bought the company, we could have fixed this mess. There was poor communication on both sides. I'm not blaming anybody.
Green is asked who he blames for BHS pension deficit. He suggests it was collective. Refers to "poor communication" with trustees.
The ex-owner of BHS Sir Philip Green told MPs that £600 million was invested into the business between 2004 and 2015.
He has come in for criticism for taking £400 million in dividends out of the firm during his 15-year ownership.
Sir Philip, who sold the Arcadia retail empire to former bankrupt Dominic Chappell for £1 in 2015, said he first started thinking about selling the business in 2014.
Here's everything you need to know about Sir Philip Green's appearance before MPs on Wednesday.Read the full story ›
The Unite union is planning to hold protests against the role employment agencies allegedly played in "shameful" work practices at retail giant Sports Direct.
Unite regional officer Luke Primarolo said workers employed through employment agencies were being subject to "daylight robbery".
The march will take place in Chesterfield.
Mike Ashley will be allowed to provide written evidence to MPs investigating the collapse of BHS.
It was earlier revealed that the Sports Direct owner would be called before MPs to discuss why a rescue bid failed.
Mike Ashley has informed select committee he will provide written evidence. MPs have agreed to accept it.
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