With Green’s plan to save Arcadia unclear and thousands of staff fearing for their jobs and pension payments, the Guardian decided to track him down and ask him in person. Using MarineTraffic, an app that tracks vessels including superyachts, we discovered that Green’s Lionheart had arrived in Monaco last week. Does Philip Green think his offer stands a sporting chance? Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDeskIn addition, landlords to a further 194 stores are being asked to swallow hefty rent reductions. In addition, Green proposes restructuring Arcadia’s pension funds, which have a deficit of as much as £750m.

Source: The Guardian May 23, 2019 15:42 UTC