Mortgage News

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

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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.

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.

After months of gridlock, Senate reaches deal on disaster relief After months of gridlock, Senate reaches deal on disaster relief – Senators came to agreement Thursday on a disaster relief deal that would set aside more than $3 billion for farmers hit by Hurricane Michael and other recent storms, signaling an end to a bitter.

‘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.

The owner of Topshop has struck a 385m deal to secure its pension schemes, including a 100m contribution from Lady Cristina Green, Sir Philip’s wife and Arcadia’s largest shareholder. The PPF said it would now "vote in support" of Arcadia’s restructure. But the plan, which includes closing 50 stores, needs the backing of landlords.

Arcadia Group has announced it will close a further 25 stores in an attempt to rescue the struggling business. Last week, Sir Philip Green’s retail empire Arcadia Group has announced it will.

Covius buying sizable chunk of Chronos Solutions’ business Assurant continues shift toward housing insurance programs – . it plans to broaden the integrated protection products and services from its Assurant Specialty Property and assurant solutions business segments to help customers protect against risk, including.

Philip Green wins key vote for rescue plan ahead of meeting. Can Sir Philip Green save his retail empire?. trustees of Arcadia’s pension schemes will be granted security over 210m worth of.

Frank Field, chairman of the Work and Pensions Committee, said on Friday that he has asked The Pensions Regulator to answer eight questions about the struggling retail group’s proposed plan..

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.

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.

If re-elected in June, May’s Conservatives will give authorities the power to block such deals and launch criminal prosecutions of company bosses who put pension schemes at risk. over the collapse.