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Sir Philip Green has agreed to pump an additional £25m into Arcadia Group’s pension fund, in a deal with regulators that could pave the way for a rescue restructure of his fashion retail empire. Arcadia Group has handed security over additional property assets to the fund in response to a demand from the Pensions Regulator that the former billionaire inject another £50m to fill the group’s pension black hole. - Guardian.
Retailer Card Factory maintained full year profit expectations as it reported a positive start to the year with first quarter sales up 6. 4%, despite Britons spending less due to Brexit worries.
