Greener BeeGreen HolidaysSir Philip Green holidays in St Bart’s after BHS pay-off

Former BHS owner Sir Philip Green has been pictured enjoying a luxury holiday in Monaco- shortly after he agreed to pay £363million to settle the failed department store’s pension black hole.

The British billionaire looked very relaxed as he and wife Tina walked along the port before boarding a ferry to their £115million superyacht, named Lionheart.

The yacht is four-storeys high and the length of a football pitch. It is said to boast a hot tub, swimming pool, helipad, three lifts, a beauty salon, a barbecue and a fleet of jet-skis. It can sleep 12 guests and 28 crew.

Sir Philip’s acquisition of the boat, which took four years to build to Lady Green’s specifications, was said to have angered BHS workers, who questioned why he did not put the money into the struggling company instead.

Former BHS owner Sir Philip Green takes a phone call while enjoying a luxury holiday in Monaco - shortly after he agreed to pay £363million to settle the failed department store's pension black hole

Former BHS owner Sir Philip Green takes a phone call while enjoying a luxury holiday in Monaco – shortly after he agreed to pay £363million to settle the failed department store’s pension black hole

The fancy getaway comes after Sir Philip agreed to pay £363million to settle the BHS pension scheme in February, less than the £571 million deficit the firm was left with when it went bust in April last year

The fancy getaway comes after Sir Philip agreed to pay £363million to settle the BHS pension scheme in February, less than the £571 million deficit the firm was left with when it went bust in April last year

The yacht is four storeys high and the length of a football pitch. It is said to boast a hot tub, swimming pool, helipad, three lifts, a beauty salon, a barbecue and a fleet of jet-skis. It can sleep 12 guests and 28 crew

The yacht is four storeys high and the length of a football pitch. It is said to boast a hot tub, swimming pool, helipad, three lifts, a beauty salon, a barbecue and a fleet of jet-skis. It can sleep 12 guests and 28 crew

Sir Philip chats away on his mobile phone as he prepares to board a ferry back to his superyacht Lionheart

The Topshop boss looked quite relaxed despite his mega payout to fill some of BHS's pension black hole

Sir Philip (pictured left and right) chats away on his mobile phone as he prepares to board a ferry back to his superyacht Lionheart

The fancy getaway comes after Sir Philip agreed to pay £363million to settle the BHS pension scheme in February, less than the £571million deficit the firm was left with when it went bust in April last year.

At the time, he said the move represented a ‘significantly better’ outcome than if the scheme entered the Pension Protection Fund.

The Arcadia boss made a voluntary personal cash payment of £343million towards improved benefits to the pension scheme members, and made available an additional £20million towards implementation costs.

It came after the Topshop owner was grilled by MPs over the sale of the chain, which he owned for 15 years before offloading it for £1 to Dominic Chappell in 2015.

Sir Philip is seen out and about in Monaco as he makes his way back to his luxury superyacht Lionheart, which cost £115million to build

Sir Philip is seen out and about in Monaco as he makes his way back to his luxury superyacht Lionheart, which cost £115million to build

Sir Philip was grilled by MPs last year over the sale of BHS, which he owned for 15 years before offloading it for £1 to Dominic Chappell in 2015

Sir Philip was grilled by MPs last year over the sale of BHS, which he owned for 15 years before offloading it for £1 to Dominic Chappell in 2015

Sir Philip chats to a friend as he walks about Monaco

Sir Philip made a voluntary personal cash payment of £343million towards improved benefits to the pension scheme members

The Arcadia boss, left and right in Monaco, made a voluntary personal cash payment of £343million towards improved benefits to the pension scheme members, and made available an additional £20million towards implementation costs

Mr Chappell, who may still face a criminal investigation, reiterated his apology to the BHS staff and said he has ‘nothing to hide’.

Sources close to Sir Philip said the pensions settlement was accepted and final and that there is no further action outstanding against him. 

It comes after it was revealed the billionaire dropped dozens of places in a list of Britain’s wealthiest people last week, alongside Sports Direct boss Mike Ashley after losing £700million between them in a year full of scandal.

The Greens were the only couple on the list whose wealth was said to have decreased over the last year – with a drop of £433m sending them from 29th place to 41st overall. 

But the Greens still remain in fifth place on the list for husbands and wives – with a combined fortune of £2.787billion. 

Sources close to Sir Philip, left, said the pensions settlement was accepted and final and that there is no further action outstanding against him

Sources close to Sir Philip, left, said the pensions settlement was accepted and final and that there is no further action outstanding against him

It comes after it was revealed the billionaire, left, dropped dozens of places in a list of Britain's wealthiest people last week

It comes after it was revealed the billionaire, left, dropped dozens of places in a list of Britain’s wealthiest people last week

Sir Philip boarded a ferry to take him to his superyacht - the acquisition of which angered BHS staff who asked why he didn't put the £115million he spent on the boat into the company

Sir Philip boarded a ferry to take him to his superyacht – the acquisition of which angered BHS staff who asked why he didn’t put the £115million he spent on the boat into the company

The Greens still remain in fifth place on the rich list for husbands and wives – with a combined fortune of £2.787billion

The Greens still remain in fifth place on the rich list for husbands and wives – with a combined fortune of £2.787billion


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