Philip Green’s retail rescue plan at risk over pension scheme
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.
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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 .
Philip Green, chairman of the UK’s Arcadia Group, has received the support of pension regulators for his plan to rescue his beleaguered retailer after agreeing to inject an additional 25 million into the retailer’s pension fund, on top of previous commitments of 360 million.
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.
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.
Arcadia has identified 23 of its 566 UK stores for closure and has requested rent reductions and new lease terms on almost 200 more in a move that puts 520 jobs at risk. Tina Green, Sir Philip’s.
Sir Philip Green has launched a rescue plan for his Topshop and Burton empire which will see 23 stores shut and reduced contributions to the pension scheme. The restructuring proposals for the group – whose brands also include Dorothy Perkins, Evans and Wallis – will see 520 jobs at risk and rents slashed at 194 other sites in the UK and.
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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.
Philip Green’s Arcadia sweetens rescue plan to get landlords backing. cut rents and make changes to the funding of the group’s pension schemes, was adjourned until June 12 after several.
Philip Green’s retail empire faces uncertain future without new funds. even after agreement on the rescue plan. Related: Philip Green:. into Arcadia’s pension scheme over three years to.