Philip Green’s retail rescue plan at risk over pension scheme
Sir Philip Green is on course for a fresh clash with regulators after his Arcadia retail empire launched a rescue plan which would see 23 stores shut and its pension scheme contributions slashed. restructuring proposals by the group – whose brands include Topshop, Burton and Dorothy Perkins – would result in 520 jobs being put at risk.
‘The hard work starts now,’ says Sir Philip Green after landlords back a rescue plan for his Arcadia retail empire, saving it from total collapse. plan, about 1,000 jobs are at risk, but the.
Arcadia Group has been told that its rescue plan will be opposed. putting 18,000 jobs at risk. Intu, which owns Lakeside and Trafford Centre has told Arcadia that owner Sir Philip Green’s attempted.
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Sir Philip Green’s retail empire Arcadia will close twice as many stores as it announced earlier this week.. Twenty-five Evans and Miss Selfridge stores to close as part of Philip Green’s rescue plan with job losses higher than stated.. A senior MP has called on Sir Philip Green to.
Regulator pursues Sir Philip Green over BHS pensions. months of talks with Sir Philip about a rescue deal for the pension scheme it was sending warning notices to the billionaire tycoon, Mr.
Green’s wife, Tina, who is the formal owner of the business, has agreed to top up the pension fund with 100m of additional cash over the next three years to help bridge a deficit that could balloon to about 750m if the company were to go offers landlords 20% stake in Arcadia rescue planGreen
Creditors in Philip Green’s fashion group agree rent cuts while deal paves way for 23 stores to shut. Arcadia avoids collapse as landlords back rescue plan.. the UK tax authority and.
Sir Philip Green. equity firm Leonard Green and is aiming to halve annual payments into its pension fund from £50m to £25m in a rescue plan designed to cut costs, and update to cope with online.
Sir Philip Green is on course for a fresh clash with regulators after his Arcadia retail empire launched a rescue plan which. company’s pension scheme to £25m, with Sir Philip making up the.