Sir Philip Green offers Topshop store to pension fund

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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.

Sir Philip Green is asking landlords for rent cuts of up to 70% on a swathe of stores on top of the closure of 23 outlets as part of rescue restructure of his Topshop-to-Burton empire. The former.

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Taveta is struggling to refinance a £310m loan on Topshop’s Oxford street store. photograph: marc zakian/alamy sir Philip.

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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.

Sir Philip Green has been told to top up his contribution to his retail business Arcadia’s pension. into the fund. The businessman has also put up £185 million worth of assets as security for the.

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. the flagship store on Oxford Street. The agreement would mean that in a crisis the buildings could be sold to fund payouts to pensioners. The offer takes the package put forward.

Sir Philip Green has vowed to restore the fortunes of his loss-making Arcadia empire with a £135m overhaul, including plans.

Sir Philip Green has agreed to inject an extra 25m into Arcadia’s pension fund ahead of a crucial vote to secure the future of the retail giant. Sir Philip must get the backing of the Pensions Regulator before creditors vote on his plan to save the group which owns Topshop, Topman and Burton.

Sir Philip Green has vowed to restore the fortunes of his loss-making Arcadia empire with a £135m overhaul, including plans.

Sir Philip Nigel ross green (born 15 March 1952) is a British billionaire businessman, and the chairman of Arcadia Group, a retail company that includes Topshop, Topman, Wallis, Evans, Burton, Miss Selfridge, Dorothy Perkins and Outfit. The defunct BHS chain was also part of the group.