Connect with us


Fears for pensions as Philip Green’s Arcadia faces collapse – The Guardian

Members could lose a tenth of their payout as the Topshop owner prepares to call in administrators after coronavirus shutdowns



Labour and the Unite union have called on Sir Philip Green to ensure his retail empires pension scheme is fully funded if administrators are called in this week.
Arcadia Group, which owns Topshop, Miss Selfridge, Dorothy Perkins, Wallis, Evans, Outfit and Burton, is expected to seek protection from creditors after Covid shutdowns exacerbated its existing problems.
If administrators are called in, potentially as early as Monday, the groups pension fund will be taken on by the industry-backed pensions…

Click here to view the original article.