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

 · 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.

 · LONDON (Reuters) – Philip Green’s Topshop-to-Dorothy Perkins fashion empire staved off a collapse into administration on Wednesday as creditors approved his sweetened restructuring plan.

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 · ’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 sir philip green faces a ‘huge battle’ to turn.

Select went through a CVA in 2018; Pretty Green, a fashion retailer owned by Liam. went into administration in March with 94 stores and 1,170 employees at risk. Senior managers needed 20mn for a recovery plan, but its current owners, The business advantage of administration is that the creditors, pension funds.

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.

Does your pension fund need some rocket fuel’? However, he said that a decade later this deficit could reach 3 billion. Does your pension fund need some rocket fuel’? State pension: lack of clarity criticised as changes delayed cliff taylor: the.

 · 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 -.

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.

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Sir Philip Green’s Arcadia Group has announced it will close 23 in the UK and Ireland, putting 520 jobs at risk.. for closure as part of a rescue plan. The retail group’s proposals will also.