Philip Green’s retail rescue plan at risk over pension scheme
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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.
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.
The company which owns Topshop has received backing for a rescue deal (Picture: PA) Sir Philip Green’s Arcadia retail group has narrowly secured backing for plans to close numerous stores in a.
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Pensions watchdogs are demanding that sir philip green hands another £50m to the retirement scheme of his Arcadia retail empire to avert. to halve Arcadia’s £50m annual pension contributions as.
It’s Official: Arcadia’s creditors have, as we thought, approved the company’s rescue plan. to the value of £210m over certain assets of the Group, to further support the schemes. As previously.
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’s retail empire faces uncertain future without new funds. might leave it without sufficient cash to deliver its three-year rescue plan. Green’s retail empire staved off collapse in June after winning the backing of creditors for a rescue plan that involves the closure of.
A petition calling on former bhs boss philip Green to plug the collapsed retail giant’s £571m pension deficit will be delivered to his business group’s headquarters tomorrow. The petition has.
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.
Sir Philip Green is on course for a fresh clash with regulators after his Arcadia retail empire launched a rescue plan which would see 23 stores shut and its pension scheme contributions slashed.