Arcadia is to receive a £35m payout from BHS following the downfall of the department store chain.
BHS guerilla marketing campaign
Sir Philip Green’s Arcadia “will be repaid in full” from the £35m floating charge it had over BHS assets, according to the administrator’s report.
Arcadia loaned BHS £250m in total - the rest has been written off.
However, according to The Mirror, the firm’s pension fund may only get £17m of the £571m deficit as unsecured creditors are likely to receive between 2p and 3p in the pound.