Finance

High noon approaches for Sir Philip

By 2019-06-04T13:54:00

Philip Green

Source: Shutterstock/Natalia Mikhaylova

Sir Philip Green is locked in eleventh hour talks today in an attempt to save his Arcadia retail empire from collapse ahead of tomorrow’s midday gathering of retail landlords and other creditors.

Documents seen by Property Week make it clear that unless Sir Philip’s cost-cutting plans are approved then it is “highly likely” the business will collapse, leaving 18,000 jobs in doubt.

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