British billionaire Philip Green paid Â£363 million ($452.5 million, 426 million euros) towards settling a deficit in the pension scheme of collapsed retailer BHS on Tuesday following a high-profile dispute. After 15 year at its helm, Green sold BHS for Â£1 in 2015 to Dominic Chappell, a former bankrupt businessman with no retail experience. Show More Summary
British billionaire Philip Green has paid some 363 million pounds ($451 million) to settle pension claims with collapsed retailer BHS. The out-of-court settlement comes after the department store went out … Click to Continue »
LONDON – Sir Philip Green is paying £363 million to rescue the BHS pension scheme. He called it "a voluntary contribution" after "lengthy, complex discussions with the Pensions Regulator and the PPF [Pension Protection Fund], both of...Show More Summary
Sir Philip Green, the owner of Topshop once revered as a retail genius, has become the most hated billionaire in Britain for his cavalier treatment of the beloved, and now defunct, BHS chain stores. Hes got away with it so farbut insulting an NHS choir may be the final straw.