Philip Green’s history ... 📌 Philip Greens 163 BHS (British home stores) high street shops enters administration 📌 20,000 workers will be effected 📌 BHS has huge pensions deficit of 571M 📌 Philip Green agrees to pay £363M 📌Philip Green sold BHS for £1 to Dominic Chappell 📌Mr Chappell was found guilty of failing to pay £584,000 in tax on income he received from his takeover of BHS in 2020, HMRC had been chasing Chappell for a while but he was too busy on his holidays and buying yachts 📌Dominic Chappell sentenced to prison for 6 years following not paying Tax (2020) he will only serve half & cannot be director of companies for 10 years. They always find a way back in. 📌BHS pensions still has huge shortfall it’s said that the PPF (pensions protections fund) paid between £200M - £300M to fund pensions 📌the PPF was created under the Pensions Act 2004 📌January 2020 courts chase Dominic Cummings to pay 9.5M to repay money owed, he continues to be chased 📌 Philip Green got away with it ... (Between this period Philip was accused of making racist remarks to black employees, of groping female employees and of being physically aggressive and abusive towards both male and female members of staff - was dismissed in 2020 suspected to pay off victims) Arcadia Group today ... 📌Arcadia enters administration Nov 2020 📌 13,000 workers will be effected 📌Arcadia has pensions deficit of 350M 📌 Philip Greens wifey who he paid 1.2BN to in 2005 completely tax free, kindly gives 100M towards the pensions shortfall (required to be read in sarcastic tone pls) 📌 So there’s 250M left to be recovered by PPF (pensions protection fund) 📌 Arcadia’s brand Evans has been sold for £23M. 📌 Arcadia start selling their assets including that huge Topshop Store on Oxford street which is said to be one of the contributors towards the workers pensions... So, will you ~really~ miss the store? Reported to be interested in the Arcadia Group include Frasers Group, Boohoo, Marks & Spencer, Authentic Brands & Primark. P.S. Forward this to a friend who still loves Fast Fashion! #fastfashion #arcadia #arcadiagroup #topshop #philipgreenstolemypension #philipgreen (at Eastbourne, East Sussex) https://www.instagram.com/p/CJ3pw6QHgh_/?igshid=174siyvg0biih
