Greener BeeGreen HolidaysPhilip Green lounges on £100m superyacht in Med as former BHS staff face first day on the dole

It’s a miserable bank holiday for thousands of former BHS staff who are facing up to their first week out of work.

But the ex-owner of the company, once a high-street favourite, continues to enjoy himself with a relaxing jaunt on his £100m superyacht in the Med.

Sir Philip Green, accused by MP Frank Field of “plundering” the firm during his ownership, was pictured sunning himself on his plush boat ‘Lionheart’ near the island of Capri.

Meanwhile, his daughter Chloe Green, 23, followed suit as she boarded a yacht in St Tropez.

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Philip Green on his yacht Lionheart in Capri
Philip Green has been accused of “plundering” the firm during his ownership of BHS
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Sir Philip Green aboard his yacht Lionheart in Greece
Sir Philip Green ‘Lionhear’ superyacht

Far from dreaming of sun-drenched holidays in the Med, distraught BHS staff are wondering where the next pay cheque is coming from.

The closure news in April hit 11,000 jobs, 22,000 pensions and sparked a parliamentary inquiry.

Sunday was the final day of trading, bringing an end to 88 years of retail history.

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BHS Store in Harrow on the last day of trading
Shoppers visit BHS on the final day of trading

Sir Philip, 64, and wife Lady Green will find out in weeks whether there will be a criminal probe into the collapse.

He owned BHS for 15 years before flogging it to serial bankrupt Dominic Chappell for £1 in 2015.

Labour MP Frank Field launched another scathing attack on Sir Philip, saying it was “a sad and bad day” as the shutters finally came down on 88 years of retail history at 22 remaining stores.

And he refused to back down on previous remarks the tycoon was “evil”.

He said: “I stand by that. It was a going concern, he was knighted for his services to retail and he turns out to be a sort of asset stripper.”

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Lady Tina and Sir Philip Green
Lady Tina and Sir Philip Green

Julian Hamilton/Daily Mirror
Birkenhead Labour MP Frank Field
Frank Field described Philip Green as “evil”
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People shop inside a BHS Store in Harrow on the last day of trading
People shop inside a BHS Store in Harrow on the last day of trading

It crashed with an estimated £571million pension deficit, although experts say it could be nearer £700million.

As calls continued for Sir Philip, 64, to lose his knighthood, Mr Field added: “The key thing is how to undo the terrible damage he has inflicted on BHS workers and pensioners.

“It is that damage, the plundering of the firm, that I described as evil.”



Frank Field slams Sir Philip Green as 'worse than Maxwell'



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In Glasgow, tearful staff hugged. And from Romford in Essex to Stoke, customers hunted for a last bargain.

In the Harrow store, David Gibson, 50, blasted Sir Philip for “just swanning off in his boat”.

He added: “I do think it’s his fault.” Grace McHenry, 56, was pleased with her bargains but said the the closure was “immoral”.

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People shop inside a BHS Store in Harrow on the last day of trading
People spend one last day shopping in BHS
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People shop inside a BHS Store in Harrow on the last day of trading
The almost empty BHS store

And another shopper said: “If Green was actually trying to do something, I might actually have some respect for him. I’m horrified.”

The Serious Fraud Office has confirmed it is reviewing paperwork relating to the collapse.

A spokesman said: “If the director considers there are reasonable grounds to suspect serious or complex fraud, he will open a criminal investigation.”

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People protest outside of a BHS Store in Harrow on the last day of trading
People protest outside of a BHS Store in Harrow on the last day of trading

An MPs’ report last month said Sir Philip had “extracted hundreds of millions of pounds from BHS”.

Reports yesterday claimed Sir Philip wanted a deal in which the pensions regulator would drop a probe into the deficit, in return for him topping up the pension fund.

The tycoon’s spokesman was unavailable for comment.

BHS


‘We could’ve saved BHS’


Chappell ‘threatened chief executive’


‘Strip Green of knighthood’


BHS boss was on YACHT on day of collapse


Philip Green’s BHS ”failure” slammed


Green threatens to snub MPs


Green’s knighthood

Article source: http://www.mirror.co.uk/news/uk-news/philip-green-lounges-100m-superyacht-8728950


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