UK pensions regulator begins "enforcement action" against Green over BHS

Britain's Pensions Regulator has formally begun "enforcement action" against Philip Green, the former owner of BHS, to plug a hole in the collapsed department store's pension fund, saying the billionaire had failed to provide a credible offer. Green, 64, owned BHS for 15 years before he sold the loss-making 180-store chain to Dominic Chappell, a serial bankrupt with no retail experience, for one pound last year. Green, whose Arcadia group owns a string of fashion chains including Topshop, sold B