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Wednesday, 9 March 2016

My comments on Green faces £80m BHS pensions bill | The Sunday Times

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Green faces £80m BHS pensions bill | The Sunday Times:



Interesting details on the deal and who's behind it.. but need more details on the 'bigger' picture:

deficit stands £207m , buyout valuation ballooned to £571m Green wrote off £215m debts (on @bbc http://www.bbc.co.uk/news/business-35749787 @FT https://next.ft.com/content/c4f2d452-e491-11e5-a09b-1f8b0d268c39 )

so, am not an expert, some might argue that (minus £400m taken off as dividends by Mrs Green..) Philip the Toga King & family is not great business people/retailer after all (except for their own family and offshore Monaco account)? 

we must be missing something or is it that simple? selling it for £1 was indeed a brilliant magic trick! 



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