Philip Green Stephen Timms Britain Monaco Philip Green Stephen Timms Britain Monaco

Billionaire Philip Green under pressure to plug Arcadia's £350m pension black hole

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www.mirror.co.uk

Sir Philip Green is facing calls to plug Arcadia's £350million pension black hole with his own money. The company, which collapsed on Monday after failing to secure a £30million cash boost, has put more than 13,000 workers at risk of redundancy - along with 444 stores across the UK.

It comes hand in hand with an eye-watering pension deficit that echoes the demise of BHS in 2016. Labour MP Stephen Timms, the head of the work and pensions committee, said it was "unquestionably a moral case for the Green family to do the right thing" and stump up the funds.

It came as one Arcadia employee called for Green to sell his £100million superyacht, where he remains on holiday in Monaco with wife, Tina Green.

Read more on mirror.co.uk
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