The future of Sir Philip Green’s high street retail empire hangs in the balance ahead of crucial votes on a rescue deal. Arcadia Group – the company behind the Topshop, Dorothy Perkins and Burton brands – needs the support of at least 75% of creditors in a series of ballots that were delayed last week because of significant opposition from landlords.
· Topshop and the other stores in Sir Philip Green’s Arcadia retail empire have been saved from closure after a rescue plan scraped through and received the backing of landlords. Arcadia -.
‘The hard work starts now,’ says Sir Philip Green after landlords back a rescue plan for his Arcadia retail empire, saving it from total collapse. plan, about 1,000 jobs are at risk, but the.
Sir Philip Green has won the backing of the Pension Protection Fund (PPF) for his plan to rescue Arcadia ahead of a crucial. trustees of Arcadia’s pension schemes will be granted security over.
· Philip Green wins key vote for rescue plan ahead of meeting;. the Pension Protection Fund (PPF), had said it would vote for the scheme after Lady Cristina Green, Sir Philip.
Charles Counsell, chief executive of the regulator, told MPs on Wednesday that his authority could pursue Lady Green, wife of.
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The pension scheme is only a creditor to one of seven interconnected companies.. Topshop boss wins key vote for rescue plan; Green’s arcadia faces crucial week. Philip Green wins key vote.
Sir Philip Green has offered to provide £185 million in additional funds from property assets to help reduce Arcadia Group’s pension deficit as part of a bid to win approval for its CVA.
Philip Green’s efforts to save his Arcadia retail empire are on a knife-edge, with a key landlord still opposing a rescue plan with 24 hours left before a second crunch vote. intu, the owner of.
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The company which owns Topshop has received backing for a rescue deal (Picture: PA) Sir Philip Green’s Arcadia retail group has. s contributions to its pension fund, alongside a fresh injection of.
The future of Sir Philip Green’s high street retail empire hangs in the balance ahead of crucial votes on a rescue deal. Arcadia Group – the company behind the Topshop, Dorothy Perkins and.
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