BHS (British Home Stores) was a chain of department stores in the UK controlled by Sir Philip Green, the chairman of Arcadia Group, which also owns Topshop, among others. The chain was shuttered in the summer of 2016, and 11,000 jobs were lost, as well as £571 million from the pension fund, leaving 22,000 former employees without retirement income. Having taken £400 million in dividends from the failed retailer, Green was sailing the Mediterranean on a newly-purchased super-yacht as the last stores closed.