Sir Philip Green hit with calls for a BOYCOTT of his shops after he is named for gagging press over

Fashion mogul Sir Philip Green's reputation has been left in tatters last night after a furious backlash over claims of sexual harassment and racism against him.

The billionaire, 66, had attempted to ban newspapers from reporting bullying allegations using controversial gagging orders on former staff.

But his court injunction was blown apart yesterday afternoon when former government minister Lord Peter Hain named him in Parliament.

Last night the retail tycoon said he 'categorically and wholly' denies any allegations of 'unlawful sexual or racist behaviour'.

But people across Britain and beyond have threatened to boycott his Arcadia Group empire and called for him to be stripped of his knighthood with the hashtag #PinkNotGreen.

In a statement Thursday evening, Sir Philip said: 'I am not commenting on anything that has happened in court or was said in Parliament today.

'To the extent that it is suggested that I have been guilty of unlawful sexual or racist behaviour, I categorically and wholly deny these allegations.

'Arcadia and I take accusations and grievances from employees very seriously and in the event that one is raised, it is thoroughly investigated.

'Arcadia employs more than 20,000 people and in common with many large businesses sometimes receives formal complaints from employees.

Sir Philip Green, pictured, with his wife Tina, daughter Chloe and her boyfriend, the model and ex-convict Jeremy Meeks, during one of the family's many trip to the Mediterranean

'In some cases these are settled with the agreement of all parties and their legal advisers. These settlements are confidential so I cannot comment further on them.'

This is the second time there have been mass calls to revoke the retail mogul's knighthood, after the BHS scandal two years ago.

Former Lib Dem leader Sir Vince Cable insisted he should be stripped of the gong on Thursday.

Sir Vince told MailOnline: 'He narrowly and luckily escaped losing his knighthood over the pensions scandal.

'If these allegations are correct, he should certainly be stripped of his knighthood.'

Sir Philip has not been found guilty of any wrongdoing in a court or tribunal.

It was in Parliament that the tycoon was stripped of his anonymity after former minister Lord Peter Hain used his parliamentary privilege to out him as the mystery British businessman at the centre of harassment claims made to the Daily Telegraph.

In a bombshell statement to the House of Lords today Lord Hain said it was 'clearly in the public interest' that the allegations were aired.

He said the case involved 'substantial payments to conceal the truth about serious and repeated sexual harassment, racist abuse and bullying which is compulsively continuing'.

And Frank Field, chairman of the Work and pensions select committee and a long-time critic of Sir Philip, called for reform of Parliament to make it easier to report abuse.

He said: 'I have been talking this evening with somebody who witnessed grotesque bullying at work. They would like for what they witnessed to be shared, through the House of Commons, with the nation.

'I am seeking to raise urgently with the Government the importance of having a mechanism in Parliament through which the voices of victims of abuse can be heard.

'This would develop the role of the House of Commons in a way which stands up for people who have little money, against those who have much.'

It comes after appeal court judges sparked anger with a controversial order blocking the Daily Telegraph from publishing details of allegations made by former employees.

It is said five former staff members signed non-disclosure agreements (NDAs) in which they agreed to remain silent over their claims.

The newspaper said it learned of the secret deals while investigating separate claims of bullying and intimidation.

The three appeal judges ruled the information was likely to be in breach of the NDAs and imposed an injunction preventing publication of the allegations until a full High Court hearing could be heard.

See reaction:

Culled from from Daily Mail

My view: Innocent until proven guilty. I think it's wrong for people to call for the boycott of Top Shop #Me Too can't stop people buying from the store. The billionaire owner won't lose a sleep over it, it's the thousands of employees that the boycott will affect. It's sad the way some people are using #Me Too as a revenge weapon, enough already. if you're innocent of sexual harassment allegations, don't pay money to have non-disclosure agreements (NDAs) in which the victim agreed to remain silent over their claims, because it may come back to hunt you.