Philip Green claims he can plug hole in BHS pension scheme

Retail tycoon Philip Green yesterday told a UK parliamentary hearing that he was working to fix a gaping hole in the pension scheme of failed retailer BHS.

Mr Green was addressing the British parliament’s Business and Work and Pensions select committee, which is investigating the demise of the department store chain he sold to Dominic Chappell, a serial bankrupt with no retail experience.

BHS collapsed into administration in April, little more than a year after Mr Green sold it to Mr Chappell’s consortium for a nominal sum.