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

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The future of sir philip green‘s retail empire remains in the balance after a meeting to secure backing for a rescue plan was adjourned until 12 June. Arcadia was unable to gain support from enough of its landlords to push through an agreement for its restructuring plan. It needs approval from

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.. Sir Philip Green has offered to put an extra 185.

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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.

Creditors in Philip Green’s fashion group agree rent cuts while deal paves way for 23 stores to shut. Arcadia avoids collapse as landlords back rescue plan.. the UK tax authority and.

Sir Philip Green’s Arcadia Group has announced it will close 23 in the UK and Ireland, putting 520 jobs at risk.. Burton, Dorothy Perkins and Topshop stores have been earmarked for closure as part.

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.

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.

Green’s wife, Tina, who is the formal owner of the business, has agreed to top up the pension fund with 100m of additional cash over the next three years to help bridge a deficit that could balloon to about 750m if the company were to go bust. related: philip green offers landlords 20% stake in Arcadia rescue plan

Regulator pursues Sir Philip Green over bhs pensions. months of talks with Sir Philip about a rescue deal for the pension scheme it was sending warning notices to the billionaire tycoon, Mr.

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