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

BHS was sold to Retail Acquisitions after 15 years under Sir Philip’s Green. risk, a year after Arcadia’s 15-year ownership ended. Questions are now being asked about how its £571m pension deficit.

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sir philip green’s retail empire is set to press ahead with rent cuts after resolving a dispute with two U.S landlords. The group, which owns brands such as Topshop and Miss Selfridge, will press.

Disgruntled landlords were on Wednesday at loggerheads over whether to back a controversial rescue deal for Sir Philip Green’s fashion empire that. another 25 million into the retailer’s pension. Retail mogul Sir Philip Green has agreed to pay 363 million to rescue the BHS pension scheme.

‘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.

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Philip Green’s retail rescue plan at risk over pension scheme. The Guardian – Sarah Butler and zoe wood. sir Philip Green is asking landlords for rent cuts of up to 70% on a swath of stores on top of the closure of 23 outlets as part of a rescue restructure of his retail empire.

Sir Philip Green should use his own money to support the pension fund of his troubled Arcadia retail empire, MP Frank Field has urged.. About 520 jobs are thought to be at risk as a result of the rescue plan for Arcadia.. 2 El Salvador: Evelyn Hernndez cleared over baby's death · 3 Elton John defends.

Sir Philip Green has paid 363m to settle the pension schemes of collapsed retailer BHS, eight months after he pledged to "sort" the issue. "I have today made a voluntary contribution of up to .

Arcadia is seeking backing from creditors for a restructuring but Sky News understands that The Pensions Regulator is objecting.

The clock is ticking on Sir Philip Green's retail empire after he was forced to beg. after some of the UK's biggest landlords rebelled against his restructuring plans.. Dorothy Perkins and Burton, risks going into administration if the. inject another 25m in security over assets, to the pension fund in addition.