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· Arcadia tells landlords it only needs 300 stores to survive, hinting 250 at risk. Philip Green’s fashion chain behind Topshop has 566 stores in the UK and is asking landlords to support a plan.
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.
Pensions watchdogs could pursue Sir Philip Green’s wife in Monaco if she breaks her word to inject cash into Arcadia’s retirement scheme. Lady Green, who owns Arcadia’s parent company Taveta.
The pension trustee who oversaw negotiations with Sir Philip Green over BHS’s retirement scheme deficit was parachuted in to advise on the crisis at Carillion days before the construction group.
Retail mogul sir philip Green has agreed to pay 363 million to rescue the BHS pension scheme. He said that the amount, which is less than the 571 million deficit the company was left with when.
Arcadia Group has announced it will close a further 25 stores in an attempt to rescue the struggling business. Last week, Sir Philip Green’s retail empire Arcadia Group has announced it will.
Philip Green, chairman of the UK’s Arcadia Group, has received the support of pension regulators for his plan to rescue. security over additional property assets to the pension plan. “We recognize.
Sky-high Hong Kong home prices may not last as trade war bites China-U.S. trade war disrupting metal markets, sparking volatility -industry. HONG KONG, May 7 (Reuters) – A trade dispute between China and the United States is the main issue causing volatility in metal prices and market participants are braced for stormy conditions to persist, industry.
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.
How first-time buyer squeezed extra 1,000 a month towards 20k deposit using a money diary First Time Buyers: If you have a 20,000 salary you could buy a home for 60,000! For example, just 45 minutes away from London by train is Peterborough. Prices in Peterborough for a home within walkable distance to the station start from just 80,000 including this one bed flat in a new development called fengate.
· Sir Philip Green’s Arcadia retail empire has scraped through plans to close stores after a knife-edge vote received the backing of landlords. The group -.
Arcadia pension scheme "on a flight path to being sustainable" with total of 475m being put in after negotiations with Sir Philip Green, says Pensions Regulator, Charles Counsell. has received the support of pension regulators for his plan to rescue his beleaguered retailer after agreeing.
More equity release money is going on clearing debt, latest figures suggest – PropertyWire Exclusive figures from equity release lender One Family reveal one in five lifetime mortgage borrowers needs the money to clear their mortgage. A further 14 per cent pay off credit cards, loans and.
Retail tycoon Philip Green has said the head of Britain’s Pension Regulator was "incorrect" when she told lawmakers earlier that the media reported he was selling department store bhs before he informed her.. Philip Green Hits Out at UK Pensions Regulator over BHS Sale.. chairman of the.