Arcadia did not come close to collapse – Philip Green - News Summed Up

Arcadia did not come close to collapse – Philip Green


Philip Green has rejected suggestions that his Arcadia retail empire came close to collapse before a restructuring plan was clinched with regulators and landlords. Philip Green has rejected suggestions that his Arcadia retail empire came close to collapse before a restructuring plan was clinched with regulators and landlords. Nonetheless, Mr Green said the move was cause for celebration for Arcadia's workforce and supply chain. Speaking to the BBC, Mr Green said: "It didn't come close to collapse. Speculation began early this year that Mr Green would look to either sell off the company, or close stores.


Source: Irish Independent June 13, 2019 07:18 UTC



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