The fallout from the collapse of BHS once again dominates the retail business news this morning.

A Preston-based millionaire property owner has made an approach to take BHS out of administration and try to save the failed department store chain. Yousuf Bhailok, a former general secretary of the Muslim Council of Britain, is understood to want to save at least three quarters of BHS’s 160 stores as part of a plan to buy the retail chain as a going concern. (The Times £)

Goldman Sachs looks set to be dragged into the growing storm over the collapse of BHS. The House of Commons Business, Innovation and Skills select committee said it will launch an inquiry into what checks were taken to ensure Dominic Chappell and his consortium of mystery investors were the right buyers of the retailer. (The Telegraph)

The Financial Times (£) looks at how much money Philip Green and his family took out of BHS prior to its sale. An analysis by the FT based on company documents suggests more than £1.2bn was extracted. That number is £400m-£700m higher than previous estimates. (The Financial Times £)

Richard Caring, the restaurateur and clothing tycoon, has emerged as one of the major beneficiaries of generous dividends paid by BHS in the early days of Sir Philip Green’s ownership. The Guardian has established that Caring, the owner of The Ivy and Le Caprice, was handed £93m in payouts from the retailer. (The Guardian)

The person who put forward Sir Philip Green for a knighthood has said he should be stripped of the honour if his handling of BHS is found to have lacked integrity. Sir John Collins, a former chairman of Dixons who headed the Whitehall honours committee which proposed Green’s ennoblement, said: “The judgment that has to be made is whether in the sale of BHS, has the man acted with the integrity that would underpin being awarded a knighthood? If you decide that he hasn’t then he should lose it.” (The Guardian) Green may also face grilling by MPs as the business committee may call in Arcadia owner and the Retail Acquisitions boss Dominic Chappell after launching inquiry into sale and purchase of chain. (The Guardian)

The Daily Mail’s Alex Brummer says Sajid Javid must pluck up the courage to act on BHS after his “pathetic dithering” over Tata Steel. (The Daily Mail)

Finally, The Times’ (£) Alistair Osborne asks: “Where are Sir Philip Green’s best friends now?” Noting the lack of public pronouncements of support for Green, Osborne writes: “Who knows? But maybe it’s only at Sir Philip’s parties where a man with his current attitude gets a big cheer.” (The Times £)

Elsewhere, the maker of Tommee Tippee, the UK’s most popular baby-feeding brand, has been bought by one of China’s largest insurers, Ping An, for £300m. The FT says the acquisition from British private equity group 3i is a “further sign of Chinese corporate appetite for overseas consumer brands”. (The Financial Times £, The Times £, The Telegraph)

Amazon smashed Wall Street expectations and beat its own forecast last night as the company turned a loss of $57 million a year ago into a first-quarter profit of $513 million. The Seattle-based online retailer also gave an upbeat outlook for the current three-month trading period. (The Times £)

The Times (£) has a piece looking at UK retail this morning entitled “Why the internet beats high street shopping”. (The Times £)