Members could lose a tenth of their payout as the Topshop owner prepares to call in administrators after coronavirus shutdowns
Labour and the Unite union have called on Sir Philip Green to ensure his retail empire’s pension scheme is fully funded if administrators are called in.
Arcadia Group, which owns Topshop, Miss Selfridge, Dorothy Perkins, Wallis, Evans, Outfit and Burton, is set to seek protection from creditors after months of Covid shutdowns exacerbated existing problems at the fashion group.
