About 1,100 unsecured creditors owed total of at least £51m will likely see only a 1% payout
Sir Philip Green’s family is likely to receive £50m from the sale of Topshop while more than 1,000 suppliers to the high street fashion chain are set to get less than 1% of the money owed to them.
A report by administrators into the collapse of Topshop and Topman seen by the Guardian reveals that the chains owed at least £51m to 1,155 unsecured creditors, who include clothing suppliers and landlords.
