Arcadia property sales raise hopes for retailer’s pensioners

By George MacDonald2021-02-15T07:23:00

Asset sales at Sir Philip Green's Arcadia may raise more than feared for pensioners

Pensioners at Sir Philip Green’s collapsed Arcadia fashion empire may receive more from their savings than originally feared, following property disposals.

The Arcadia scheme looks as if it may not need help from the Pension Protection Fund (PPF) after £173m was realised through the sale of assets, The Sunday Telegraph reported.

Cash raised so far has come from the sale of the flagship Topshop brand to fashion pureplay Asos and various property sales.

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