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Arcadia owner pledges to bring forward £50m pension fund payment

Written by on 02/12/2020

Arcadia owner Lady Christina Green is to bring forward a £50m payment into the collapsed retailer’s pension fund.

A statement on behalf of Sir Philip Green’s wife – who is the registered owner of the company – said the payment in the next seven to ten days would complete a commitment made last year to pay £100m into the scheme.

Lady Green has already made two contributions of £25m each and the final sum had not been due until September 2021.

The payments were pledged last year as part of a rescue deal for the Topshop-to-Burton retail group which was signed off by stakeholders including the Pensions Regulator.

 Sky News

© Sky News 2020

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