Property News · March 5, 2017

Philip Green: Arcadia will double pension fund contributions


Owner of Topshop, Dorothy Perkins and other retailers will increase payments to £50m a year, after deal reached over BHSSir Philip Green has agreed a deal to pump as much as £50m a year into the pension fund behind his fashion business, Arcadia, to plug a growing deficit, just days after reaching a settlement over the BHS pension scandal.Arcadia, which controls Topshop, Dorothy Perkins and Miss Selfridge, will double payments into its pension scheme from £25m a year to £50m this year, potentially heading off another pensions controversy. Continue reading…

Source : theguardian.com
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