Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

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.

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.