Philip Green could gain £2.5m payout on former Topshop branch

Loan secured on Norwich store prioritised Greens over other creditors and follows a £50m payout in 2021

Sir Philip Green and his family are poised to receive up to £2.5m more in payouts from their former Topshop retail empire on top of £50m paid out last year.

The Greens, who owned Arcadia Group until it fell into administration in 2020, are in line for the payment based on an £11m loan secured by their Aldsworth Equity group against a former Topshop store in Norwich.

Continue reading…

Read More

Philip Green, Retail industry, Business, UK news, Corporate governance, Pensions industry UK news | The Guardian

Share your love

Leave a Reply