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

Sir Philip Green will have to make a generous offer to rescue the BHS pension scheme if he. Labour MP said the retail tycoon’s evidence suggested he had “just gone through the worst four weeks of.

Photograph: Isabel Infantes/AFP/Getty Images Sir Philip Green has admitted his retail chains have not moved quickly enough to adapt to the changing high street after creditors backed a restructuring.

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 stalled BHS pension plan spared automatic cuts Regulator blocked 2014 proposal said to be more attractive and cheaper than official 275m rescue share on Twitter (opens new.

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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 · When Topshop tycoon Sir Philip Green, the U.K.’s answer to Donald Trump, off-loaded the struggling retail chain bhs for just one pound, Britons cried foul. Now, with thousands of.

 · SIR Philip Green’s Arcadia retail empire has been saved after creditors backed a rescue deal that will trigger the closure of 48 stores, putting more than 1,000 jobs at risk.. The £500million plan will take place over five years and include the creation of.

Embattled former billionaire Philip Green on Wednesday agreed to pay an extra £25m to the Arcadia pension scheme as he tried to save his retail empire from. under the proposed rescue plan.

Sir Philip Green faces a ‘huge battle’ to turn around his struggling retail empire after narrowly winning support from.

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.

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.

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