Philip Green’s retail rescue plan at risk over pension scheme

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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.

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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.

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 · 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.

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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.