The Financial Times has more details on the so-called "Project Thor"- the rescue plan for BHS’ underwater pension plan drawn up by owner Sir Philip Green and his Arcadia Group. The plan.
Restructuring proposals by the group – whose brands include Topshop, Burton and Dorothy Perkins – would result in 520 jobs being put at risk. company’s pension scheme to £25m, with Sir Philip.
Topshop tycoon Sir philip green plans to close 23 stores, putting 520 jobs under threat, as part of a rescue plan. Under the proposal. additional £100m into the scheme over a number of years to.
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The pension trustee who oversaw negotiations with Sir Philip Green over BHS’s retirement scheme deficit was parachuted in to advise on the crisis at Carillion days before the construction group.
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.
Philip Green’s Arcadia fashion group adjourned Wednesday’s creditor meetings to vote on the struggling British retailer’s restructuring plan until June 12, seeking more time to win over.
The future of Philip Green’s Arcadia retail empire is set to be decided at a crunch vote today, after it emerged that landlord Intu was planning to reject proposals for a Company Voluntary Arrangement (CVA). It was reported by Sky News yesterday that Intu, Arcadia’s second biggest landlord, could vote to scupper the CVA rescue deal put forward by Green, potentially tipping the High Street.
· Sir philip green hits back at Pensions Regulator in BHS row Sir Philip Green has cast doubt over evidence given by the Pensions Regulator in relation to the collapse of retailer BHS.
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. Restructuring proposals by the group – whose brands include Topshop, Burton and Dorothy Perkins – would result in 520 jobs being put at risk.
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