Businessman Sir Philip Green has ended his legal battle against the Telegraph newspaper, which reported allegations of sexual and racial harassment against him.
The newspaper was temporarily barred from identifying the Topshop tycoon as the man at the centre of the allegations made by five employees, but Labour peer, Lord Hain, used parliamentary privilege to name him publicly.
In a statement, Arcadia group said: "After careful reflection, Arcadia and Sir Philip have therefore reluctantly concluded that it is pointless to continue with the litigation which has already been undermined by the deliberate and irresponsible actions of Lord Peter Hain, the paid consultant of the Telegraph's lawyers Gordon Dadds, and risks causing further distress to the Arcadia's employees.
- Read more: Sir Philip Green to lodge formal complaint against Labour peer that named him in House of Lords
- Read more: Downing Street dodges question on whether Philip Green could lose knighthood
"Consequently, Arcadia and Sir Philip will be seeking the court's permission to discontinue these proceedings on Monday."
Arcadia accused the Telegraph of conducting a campaign to "knowingly facilitate the breach" of confidentiality agreements, and claimed that journalists at the newspaper had caused "distress" to its employees by knocking on their doors at night.
'Repeatedly contacted and harassed staff'
Sir Philip Green with Vogue editor Anna Wintour. Image: Getty
"The Telegraph has repeatedly contacted and harassed staff and former staff of Arcadia and BHS. Its reporters have doorstepped many individuals, often at night, causing distress and concern to their families, even as recently as last weekend," Arcadia said.
"Arcadia and Sir Philip want to protect those staff and former staff from further intrusive approaches. A complaint about this behaviour has been made to IPSO (the Independent Press Standards Organisation)."
- Read more: Lord Hain and law firm in Philip Green case deny acting 'improperly' after it's revealed they work together
- Read more: Parliamentary privilege: How it allows MPs to reveal what injuctions keep secret
Lord Hain, meanwhile, is thought to be being investigated by the House of Lords Commissioner for Standards over his conduct.
The Labour peer said he felt it was his "duty" to identify Sir Philip, after he had been contacted by someone "intimately involved" in the case.