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

topshop boss sir Philip Green made a big chunk of his fortune with the buyout and break-up of Sears, which once owned the Freemans catalogue, and fashion chains including Miss Selfridge and Wallis. He sold some of those brands to the then-listed Arcadia – a group born when the Burton Group split its chains, including Topshop, from Debenhams.

Sir Philip green. obvious question for Green and one that is at the heart of the BHS scandal, which has put 11,000 jobs at risk and left the department store chain with a £571m pension deficit.

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Image: Sir Philip Green The chain’s collapse a year later, amid stinging criticism from MPs, prompted Sir Philip to contribute £363m of his own money to help plug pension scheme. over the edge.

Sir Philip Green has secured a deal that will see his Topshop retail. Sir Philip Green's Topshop empire avoids falling into administration as rescue deal backed. Sir Philip Green's Arcadia retail empire has scraped through plans to close. However, 1,000 jobs are still at risk and 23 stores are still to close.

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Pensions Bulletin 2017/27 29 june 2017.. subsidiaries of Coats Group plc sponsored three DB schemes: the Coats Pension Plan (CPP), the Brunel Holdings Pension Scheme (BHPS), and the Staveley Industries Retirement Benefits Scheme (SIRBS).. Following the high-profile deal with Sir Philip Green over the BHS pension schemes with a headline.

British Home Stores, commonly abbreviated to BHS and latterly legally styled BHS Ltd, was a British department store chain, primarily selling clothing and household items. In its later years, the company began to expand into furniture, electronics, entertainment, convenience groceries and fragrance and beauty products.

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