Philip Green's Arcadia empire buys back 25% stake in Topshop chain

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Survival plan includes dozens of store closures and cuts to pension fund payments

Sir Philip Green’s Arcadia empire has bought back a 25% stake in its Topshop chain from a US private equity firm, as it paves the way for a survival plan that involves closing stores and cutting payments to its pension fund.

 

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It is about time that cutting payments to pension funds is made illegal.

Watch your pensions

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