The company which owns Topshop has received backing for a rescue deal (Picture: PA) Sir Philip Green’s Arcadia retail group has narrowly secured backing for plans to close numerous stores in a.
Sir Philip Green has paid 363m to the insolvent pension fund of. that will be used to rescue the pension schemes.. failing to secure a rescue, putting about 11,000 jobs at risk.
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.. Sir Philip Green has offered to put an extra 185.
The fate of Sir Philip Greens Arcadia retail empire will be decided this week, when landlords and other creditors vote on a plan to close shops and slash rents as part of a rescue package.
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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.
Arcadia seeking support for restructure but may struggle to win over landlords.. Philip Green's empire at risk as directors debate rescue plan. to halve annual payments into its pension fund from 50m to 25m in a rescue plan. green's retail empire has suffered falling sales as it struggles against online.
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Sir Philip Green has pledged another £25m to Arcadia’s pension scheme in an eleventh. as part of a wider plan to cut the company’s cost base. Under Arcadia’s proposals, nearly 50 stores will close.
Fresh doubts over whether Sir Philip Green’s fashion group can win a crunch restructuring vote today have emerged, as one of Britain’s largest retail landlords looks set to vote against the.
Sir Philip Green’s Arcadia Group has finally confirmed plans to shut 23 stores in the UK and Ireland as part of a CVA proposal. The move would put 520 jobs at risk while all of the retail group.
Sir Philip Green has been told to use his own money to fund the pension scheme for his embattled retail empire. MP Frank Field, chair of the Work and Pensions Committee, wrote to Sir Phillip.
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Philip Green wins key vote for rescue plan ahead of meeting. Can Sir Philip Green save his retail empire?. trustees of Arcadia’s pension schemes will be granted security over 210m worth of.