04-06-2019 19:36 via uk.news.yahoo.com

Green pledges another £25m to save high street empire

Sir Philip Green has pledged another £25m to Arcadia's pension scheme in an eleventh-hour bid to secure regulators' backing for a restructuring of his Top Shop empire.Sky News has learnt that the retail tycoon and his advisers have agreed the outline of a deal with pension stakeholders that will involve the total sum being pledged to Arcadia's‎ retirement fund during the next three years to increase from £360m to £385m.The new £25m sum, which will be in the form of se
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