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Arcadia to get £35m refund from BHS

Arcadia is to receive a £35m payout from BHS following the downfall of the department store chain.

BHS has launched a guerilla marketing campaign

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.


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