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Almost 50 MPs - including Conservative and Labour former ministers - are openly backing an attempt to strip former BHS owner Sir Philip Green of his knighthood.
The Commons is to debate the retail chain's demise on Thursday during which the billionaire businessman will be urged to "fulfil his promise" to resolve the multimillion-pound BHS pension fund black hole.
The proposal from Tory Richard Fuller and independent Michelle Thomson asks for the Honours Forfeiture Committee to recommend Sir Philip's knighthood, which was awarded in 2006 for services to retail, is "cancelled and annulled".
Speaking exclusively to ITV News, Sir Philip offered an apology to workers for the "hardship and sadness" caused by the collapse of BHS.
Former business minister Anna Soubry branded Sir Philip Green as "revoltingly greedy" over the BHS crisis.
Speaking to presenter Tom Bradby on ITV's The Agenda following Sir Philip's exclusive interview with ITV News, she said he is the "embodiment of what is so wrong with the worst bits of British business."
- Watch ITV's The Agenda with Tom Bradby at 8pm tonight.
A former BHS employee has called for Sir Philip Green's knighthood to be confiscated over the pension crisis claiming he "ran the store into the ground".
In an exclusive interview with ITV News, the former owner said he was sorry for the collapse of the chain and said that he considered buying the department store back off Dominic Chappell, who he sold it to for £1.
Grant Atterbury, who worked at the Tunbridge Wells store for eight years, said BHS could have been saved if money had been invested into the company rather than their "opulent lifestyles".
"It is a moral rather than a legal issue," Mr Atterbury said. "He's basically lived this opulent lifestyle while essentially running the store into the ground at the cost of employees and pensioners."
Calling for the knighthood to be taken away, he added: "What's really needed are laws and changes in attitudes so this sort of thing doesn't happen again."
Sir Philip Green has accused MPs of "hiding behind parliamentary privilege" so they can "bully everyone".
The former BHS owner has faced fierce criticism from some MPs over his role in the company's collapse, particularly from Frank Field MP, chairman of the Work and Pensions select committee.
MPs are to debate whether Sir Philip should be stripped of his knighthood as a result of the BHS collapse, but in an exclusive interview with ITV News, he said: "I care about how these people are behaving, all hiding behind parliamentary privilege...and just the way they're going about it, trying to bully everybody."
- Watch Robert Peston’s full interview with Sir Philip Green on ITV News at Ten tonight at 10pm
Labour MP Frank Field has told ITV News that he hopes Sir Philip Green is "serious" about resolving the BHS pensions crisis, after the company's former owner exclusively told ITV News he was "very sorry" for the hardship caused by the collapse of the high street chain.
Mr Field, who as Chair of the Work and Pensions Committee questioned Sir Philip over the collapse, said he would be the "first to congratulate" him when he resolves the firm's pension crisis.
While Mr Field said he did not doubt Sir Philip's commitment to "sort" the crisis, he added: "The key view is, what do the pensioners think after all this time? And that wonderful performance before the select committee suggesting that it would be sorted in a very short period of time."
Mr Field dismissed as "absurd" Sir Philip's claim in his interview with Robert Peston that he used parliamentary privilege as a "bullying" tactic during a select committee inquiry into the closure of BHS.
"The idea that somehow two select committees, some of whom were made up of members who should do this project... somehow can be manipulated by me is absurd," he said.
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Given that the unanimous vote by MPs today was not binding, what are the chances of Sir Philip Green being stripped of his knighthood?
What Green did is not unique. He is a one-man version of the very substantial and global private-equity industry.