Topshop boss under fire over worker pensions

Sir Philip Green’s plans to sell his stake in Arcadia group – which owns high street brands including TopShop, Dorothy Perkins and Miss Selfridge – has been criticised by regulators for failing to address worker pensions.

Last year, documents published by MPs found that Arcadia’s pension deficit stood at £56million on an ongoing basis – or almost £1billion on a buyout basis.