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Sir Philip Green has reportedly offered the flagship oxford circus store of Topshop as pension security amid plans to restructure his Arcadia Group retail empire.
Arcadia Group’s proposed CVA has cleared a major hurdle as Sir Philip Green gained the support of pension regulators after agreeing an additional £25 million for its pension fund. The Topshop tycoon .
Landlords eventually voted through the plans in June, giving the green light to close 23 stores and slash rents on many more,
Sir Philip Green has offered to give his flagship Topshop store on London’s Oxford Street as security to the group’s troubled pension funds as he tries to push through a restructuring. Read the full article on The Sunday Times .
Sir Philip Green should use his own money to support the pension fund of his troubled Arcadia retail empire, MP Frank Field has urged.
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Sir Philip Green ordered to inject 50m into Arcadia pension fund as empire near COLLAPSE. By.. Last week it emerged the Topshop store in London’s Oxford Street will be closed down, with roughly 185million from this closure and other assets also believed to be going into the retirement.
Sir Philip Green should use his own money to support the pension fund of his troubled Arcadia retail empire, MP Frank Field has urged. The chairman of the Work and Pensions Committee intervened following Sir Philip’s plans to restructure Burton, Dorothy Perkins and Topshop and cut contributions to the pension scheme.
Sir Philip Green has offered to put an extra 185 million of security behind the arcadia pension scheme in an effort to win support for a major overhaul of his Topshop to Dorothy Perkins retail.
Sir Philip Green has been told to top up his contribution to his retail business Arcadia’s pension fund, ahead of a vote on the company’s restructuring plans. The Pensions Regulator (TPR) is.
Green has offered to give the funds security over Topshop Oxford Street, The Sunday Times reported. The lease for the retailer’s flagship store is said to be worth as much as 600 million. The news comes two weeks after Green appointed two restructuring specialists to Arcadia’s board of directors.