Saturday, 3 September 2016

"We're going to look down the back of the sofa to find pension cash" says Phillip Green

Phillip Green, the owner of British Home Stores has said he will 'look down the back of the sofa' to find the required money to replace the pension money of his workers.

BHS went out of business and entered liquidation after closing it's doors for the last time at close of business on Sunday, the 28th of August.

Philip Green bought the business for £200 million when it was still on the FTSE 100 in the year 2000 and it became a private company.

Tied up within the organisation was the company pension scheme.

But as the company has since been liquidated and it is thought the pension went with it.

Sir Philip Green, knight of the realm, said "We'll have to find out what we can do, it's not all over just yet. We may find some cash down the back of the sofa, perhaps there is some laying around in one of my drawers in one of my many houses around the world.

He said "Besides, it's all in my wife's name, speak to her, she lives in Monaco.

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