Sir Philip Green relaxes in Monaco as 15,000 Arcadia Group staff face losing their jobs - News Summed Up

Sir Philip Green relaxes in Monaco as 15,000 Arcadia Group staff face losing their jobs


The retail tycoon was pictured wearing a face mask and apparently talking into a phone along a road in the tax haven. The Arcadia Group, which includes Topshop, Burton and Dorothy Perkins, could enter administration as early as tomorrow, putting up to 15,000 jobs at risk. (Image: SplashNews.com)But a source at Arcadia Group tonight told BBC News they do not expect any last-minute rescue deal. (Image: PA)The Arcadia Group insider told the BBC: "If this was about £50m we could find that in five minutes. "He has no grip of reality, he lives in a bubble.”Sir Philip is chairman of the Arcadia group, while his wife Cristina is the majority owner of its parent company Taveta Investments.


Source: Daily Mirror November 29, 2020 20:57 UTC



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