Sir Philip Green has insisted that he is working every day to plug the £571 million hole he left in BHS’ pension fund and dismissed allegations that he is attempting to delay a settlement for 20,000 former workers. The billionaire retail magnate, who has been accused by MPs of the “systematic plunder” of the defunct high street chain, is believed to be holidaying in the Mediterranean on his 300-foot superyacht, Lionheart. Green said he had been co-operating with the pensions regulator for about 18 months and “providing whatever has been requested on a very regular basis”. He stressed that his cooperation is wholly voluntary, but that he still intends “to try and find a solution” to the BHS pensions debacle. The Topshop owner has come under fire for taking more than £400 million in dividends and interest payments from BHS, running stores into the ground through under-invesment and then leaving the company with a £571 million pension deficit, after selling it to a man with no retail experience.
Artcile via the Independant