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Birthday : 03/14/1952
Place of birth : Croydon - United Kingdom
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Biography : British billionaire Philip Green is known for his commercial success, his unconventionality and for...

Not appropriate for UK government to demand Green plug Arcadia pension hole - minister

12/02/2020 | 08:44am EST

LONDON (Reuters) - A junior British business minister said it was not appropriate for the UK government to comment on "individual cases" when asked to call for Philip Green to plug a hole in the pension scheme of his collapsed Arcadia fashion group.

"It wouldn't be appropriate at this stage for ministers to comment on individual cases which are a matter for the regulator," Paul Scully, minister for small business, consumers and labour markets told parliament.

Arcadia, owned by Green, entered administration on Monday, threatening 13,000 jobs. Analysts estimate a pension fund deficit of 350 million pounds.

(Reporting by James Davey; Editing by Catherine Evans)

© Reuters 2020 / Crédit photo © Maxppp
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