It was unclear on Wednesday night whether an imminent deal with a new lender was likely.
Arcadia has also been trying to conserve cash by withholding rent payments, and securing the agreement of its pension trustees to defer its £2m-a-month contributions to its retirement scheme. Sir Philip's businesses employ about 18,000 people, making his operations one of the UK's largest privately owned employers.
In return, Arcadia signalled its intention to close dozens of stores and reduce rents at hundreds more.
If he gets any money he will take it all in dividends for all his family he says he hasn’t taken any himself of course not he doesn’t give a damn about the staff he employs he’s already proved that BHS example ravaged their pension fun some worked 25yrs and got nothing
Are you sure that Green is not just trying to set things up so he can close down all his businesses for minimum cost?
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