Feb 19, 2018
Topshop boss denies report he is selling the business
Sir Philip Green has vehemently denied a report that he is planning to sell his Arcadia retail empire. In a statement, Arcadia said a story in The Sunday Times claiming Sir Philip is in talks to offload all or part of the Topshop-owner is "Totally false". The article also alleges that Sir Philip has been in discussions with bankers from HSBC about separating Topshop from Arcadia. Arcadia said the statement regarding discussions with HSBC are "Totally untrue", and claimed the report was "Further evidence" of a "Personal vendetta against Sir Philip and his companies". Mr Field said his committee would now "Look at the state of Sir Philip Green's pensions schemes and whether he can sell to whomever he wants without having some very important questions or putting in some money into the whole Arcadia pension pot".
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