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Green secures rescue deal for Topshop empire

BBC News Wednesday, 12 June 2019 ()
Green secures rescue deal for Topshop empireThe rescue of Sir Philip Green's retail empire will come at the cost of shops and jobs.
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Credit: Reuters Studio - Published < > Embed
News video: Arcadia escape sounds alert for UK high street

Arcadia escape sounds alert for UK high street 02:00

Philip Green's Arcadia group - which owns brands like Topshop and Dorothy Perkins - has avoided collapse after creditors backed a rescue deal. But, as Pascale Davies reports, the deal shows the fragility of UK retailers and the property they occupy.

Recent related videos from verified sources

Rescue vote for Green's Arcadia hangs in the balance [Video]Rescue vote for Green's Arcadia hangs in the balance

The future of Sir Philip Green's high street retail empire hangs in the balance ahead of crucial votes on a rescue deal.

Credit: Sky News UK Studios     Duration: 02:08Published


Recent related news from verified sources

Sir Philip Green: Landlord threatens rescue deal

Sir Philip Green: Landlord threatens rescue deal
The fate of Sir Philip Green's Top Shop and Burton retail empire will be put to the vote on Wednesday.
BBC News

Topshop empire survival vote 'on a knife edge'

Topshop empire survival vote 'on a knife edge'
Arcadia Group's creditors will vote on Sir Philip Green's revised rescue deal on Wednesday.
BBC News

Sir Philip Green’s Arcadia group’s rescue deal backed by creditors

Sir Philip Green’s Arcadia group’s rescue deal backed by creditors
The company which owns Topshop has received backing for a rescue deal (Picture: PA) Sir Philip Green’s Arcadia retail group has narrowly secured backing for...
WorldNews

Philip Green's Arcadia avoids collapse as creditors back deal

Philip Green's Topshop-to-Dorothy Perkins fashion empire staved off a collapse into administration on Wednesday as creditors approved his sweetened restructuring...
Reuters Also reported by •Independent

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