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BRITISH BILLIONAIRE SIR PHILLIP GREEN SOLD HIS BHS CHAIN STORES FOR JUST £1 AND MADE £400MILLION AFT


Billionaire Sir Phillip Green has been criticised by a leading MP investigating the collapse of BHS for his reply to journalists' questions as he boarded his luxurious yacht with wide spread criticism for leaving the retail chain's pensioners out of pocket while enjoying a lavish holiday.

Iain Wright Labour MP and co- chairman of the Parliamentary select committee that questioned Green two months ago, said there was a stark contrast between the wealth of former BHS owner and the position in which thousands of pensioners and shop workers found themselves in.

"We see footage of him on a yacht, the third yacht that he owns-- people will be loosing their jobs at BHS this weekend. There will be people who have worked long and hard for many years for BHS, who, given the strain and stress over the past few months would love a holiday. But because they face redundancy or because they face a reduction in their pension entitlements, they won't be able to have a holiday this year," he said.

My opinion - Is Sir Phillip Green another Con Artist like Donald Trump?

they either bankrupt their companies or sell them for as little as £1 and then make millions in return while their poor employees or contractors suffer