Sir Philip Green has said that it’s an outrage that Lord Hain presented his name as the person who prevented the Telegraph of printing allegations of sexual and racial harassment.
He also made an allegation that Hain did not disclose any financial ties to the paper.
So far, Mr Green has denied any allegations and has said he will lodge a formal complaint.
Lord Hain said he “resolutely” stands by what he said in the Lords.
The peer, who has insisted naming the retail tycoon was in the public interest, said in response to the criticism from Sir Philip: “I stand resolutely by what I’ve said and neither retract nor apologise for standing up for human rights.”
He described Sir Philips’s complaint as a “malevolent diversion”.