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

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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.

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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.

 · Lady Green to the rescue! Sir Philip’s wife ploughs £200m into Arcadia as retail empire AVOIDS administration after rescue deal is backed in knife-edge vote – but 50 stores WILL close

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.

Sir Philip Green spent. of the BHS pension fund trustees, said in notes on a meeting with Green’s advisers that the billionaire had decided to put the business on the market in early 2015 primarily.

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Intu will, again, vote against Sir Philip Green’s rescue plans for his troubled Arcadia group, sources close to the retail landlord have told Property Week.. again, vote against Sir Philip Green’s rescue plans for his troubled Arcadia. Arcadia said in a statement that the Greens would provide up to £10m a year over three years to.

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Arcadia Group has announced it will close a further 25 stores in an attempt to rescue the struggling business. Last week, Sir Philip Green’s retail empire arcadia Group has announced it will.

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 · A senior MP has called on Sir Philip Green to personally fund the pension scheme of his Arcadia retail empire if plans to reduce its deficit prove insufficient. Frank Field, chairman of the.