Arcadia collapses into administration with 13,000 jobs at risk - BBC News 

I feel so bad for the employees how are executives allowed to rinse the pension fund and pay themselves a massive dividend he should be made to pay it back

Dont work for any shop or franchise owned by phillip green. He'll pull the rug from underneath your feet at any given moment. Distgusting man.

The clothing emperor has just found that he has no clothes.

Taxpayer left to pay bailout the pension fund again while he sits in his 200 million super yacht after receiving a 1.5 Billion dividend.

Dudes in Monaco living the high life he ain’t bothered lol

He should be forced to pay everybody's redundancy at top rate out of his personal fortune. This is not the first time he's done this he should be put in jail.

Only amazon will survive this

What's everybody worried about? Sir Philip Green will be fine!

A "sensitive" pension robber ........ THAT...... MUST....... be a first!

To all retail workers: research the market heavily. This high street industry is not safe

I’m actually running out of reasons to ever go outdoors again because it seems everything is online and if it’s not online it dies out in the cold...

Sir Phillips yacht would quite easily fix Arcadia’s problems, but it’s a nice yacht!

Well done Philip.... again ...... isn’t first time

Hopefully you'll pay all your employed staff, and the sweat shop workers you use. Some how I doubt it

Phillip Green should be stripped off of his knighthood. He legally stole pension money when he botched up BHS. Then was forced to pay back some of it. Right after he was forced to make payments he said his business will suffer. Now this. This is him taking that money back. Is nobody going to ask where all the money went? Just like Carillion, Enron and so many others. Follow the money. ps. This guy is worth billions. He'll be fine.

Sir Phill I hope you're reading this! I hope you have a devastating Christmas and a horrendous New year. Sending lots and loads of bad luck to you from my now unemployed family.

Sir slippy stepped in with his own money after taking money out , he bled it dry , remove his knighthood

"Sir" won't need to go stacking shelves😁

well Sir Fill-Up Greed, you've done a fine job. well done.

Retail high Street stores are bound to close, but what's important is how companies treat their employees at a time like this and give them a good redundancy pay e.g. one years salary. The government could step in and introduce legislation to ensure these companies do right by their employees but they have no interest in helping working people

all his millions and ridiculous priced yacht and his business is failing...

DAVOS AGENDA IS WORKING then Destroy all these peoples jobs

13,000 people's lives slammed down because the 'businessmen' we all aspire to be, and listen to, have no better business sense than Del boy on speed!

The need to adapt is coming even faster than I was thinking. People need to either learn to work with Machines or become top performers because the world economy is about to change drastically.

"On his 100 million pound yacht". Merry Christmas everyone, from Monaco.

Chinese sweat shop bosses and Swiss Bankers will be very disappointed

Who cares? Oh sure, rugged market capitalism brutality for the poor but 'oh no! a rich man isn't as rich as he wants to be!' and now we should care? Same old story: *privatise the profits, socialise the loses.*

This is the second time he has done it now. Where’s accountability to get justice for the poor pensioners who worked all their life putting money in for their pension then this guy comes and takes it away. It keeps happening very often in this country. Started with Maxwell and now by Philip greed.

More than 13,000 jobs. There's also loads of garment manufacturers who are gonna suffer.

Philip Green: Ceeky Chunt

"businesses with underlying health issues" tried to be clever but just sounded insensitive.

Were the board members and investors asleep, all these workers losing their jobs and pensions because of one inflexible man.

What happens if we are waiting for a delivery from one of these companies? This is so sad for the employees...

The guy who paid his wife (himself really) £1 _billion_ tax free (as his wife is Monaco based) in one year. Will any of that be seen by the 13000? Hah! No...

Lol My guy didn’t pay millions to Bangladesh 🇧🇩 he robbed the whole garments industry! Arcadia still need to pay up 💷

The first of many. 2021 will be colourful.

why are they saying those jobs are "at risk" as if there is even a slight chance that everything will be fine. 😔

He’s suited and his employees are booted

That’s 13,000 people, they won’t be able to pay bills, they can’t pay for food, they can’t afford Christmas gifts for their family, they’ve been booted under the car. BUT meanwhile the owner keeps his ‘sir’ title. Keeps his wealth and luxurious living AND doesn’t get any sort of punishment for taking pensions and being corrupt to his workers, his workers pay for negligence.

Still lots of public goodwill in the Topman and Topshop brands, so I imagine some branches could be saved by a savvy buyer, hopefully saving some jobs

The government should force Green to support his employee's.

Debenhams too has gone into administration. Over 12,000 jobs salvaged

internet, the great equaliser

if he doesn't ensure the pensions are safe for all those poor people that have paid into their pension all those years after taking out £1.2bn out of the firm....4 times greater than the value of the pension fund.......he truly deserves mediaeval justice

Thirteen thousand families with big worries for the future. Their bills will not go away, and there is no sympathy out there. Sir Phillip Green, of course, will go on with his luxurious lifestyle. Always the same, the ones on the bottom of the ladder always get a kick in the arse.

It depresses me even more that in the wake of all this, barely anyone is talking about the overseas workers his company has exploited, as well as leaving them high and dry at the start of the pandemic.

They could have saved Arcadia if they had sold off Philip Green’s body fat to be made into hundreds of thousands of attractively-packaged but foul-smelling candles.

The administrators should seize his yacht, to pay back the thousands owed in the pension funds he stole as a start. Having his knighthood taken aways is well overdue.

Sorry.... £350m pension deficit and he / his wife took a £1.2BN tax free dividend? Excuse me now?!

At last beeb, you've been telling us this is just about to happen for ages, happy for you. As for Green - the guy's a schmuck crook, he won't care about his staff.

But don't worry, Sir Phillip Green is still ultra rich. Such a fine, upstanding individual, we should all salute him.

I hope Sir Philip gets all his vaccines.

He should have everything taken from him like he took from so many others.

I hope sir Philip is okay..

So disappointing. I remember Woolworths collapsing over 10 years ago.. Same old story..

And the pension fund magically disappears ... taadaaaa !!! How predictable.

Kate Moss.... I am very sorry about this and if you need help with food parcels etc. Let me know

It’s as if our government want this to happen

Business Blaze bought me here.

There doesn't seemed to be a lifeline to all those workers involved.

Doctor who warned me of The Fall of Arcadia

and if it were the banks that were affected, they would have been bailedout.

The ones who will suffer will be the employees. He won't suffer sadly

I think anyone who could would fix and flip this firm. Though I think it would make more sense to sell the firm to the management.🎐🤯🧠🌍

Always the man at top will be fine. What a time for your job and pension to be at risk. Keep an eye on Debenhams as that might be next. Alot of his clothes go in their shops. (12,000 staff).

Interesting.

Wat is the meaning of this video?

Wow!!!!!

Oh no he'll have to live amongst us plebs what an absolute tragedy!

He just strips companies of their cash for his own personal lifestyle, then if the company falls on hard times and needs a cash injection there is nothing there because he removed that cash in special divis or restructuring.

Green the biggest con artist. Swans around Monaco with no moral compass!!

Will Netflix be announcing Bad Boy Billionaires - Season 2?

What does he care he has already made his money. He ruined BHS.

Greedy greedy greedy elites they will be ok whilst the workers that do all the graft will have to scrape a life again

The day before the tax rules change..... hummm

Well his alright Jack in Monaco on his 100 million pound yacht Lion Heart and apparently of to the Maldives for Christmas. Seems bizarre he screws up BHS and now the Arcadia group and is apparently worth 2 billion pounds but can't find 50 million to keep Arcadia group afloat.

So bad that they did not adapt to the situation or digital movement. Also, the government takes responsibility on their behalf for not foreseeing what was happening in other societies and industries.

We should start a crowdfunding campaign to keep Sir Phillip in the style to which he has become accustomed. Who's in?

About time. Can we lock Baron Greenback up now?

All those shops including the online ones she mentioned were all fast fashion and highly overpriced their sweatshop made clothes. I feel bad for the employees but hopefully it will foment small businesses

They had better check the pension fund

***Último dia de Novembro...*** ***Fica a minha gratidão a Deus por tudo que se passou...pelas alegrias, pela bondade que me acolheu e por cada pequenino milagre que me aconteceu... Gratidão Senhor!!*** ***...E que venha Dezembro***:heartpulse:!!

While it’s sad for the workers, this is nothing compared to what’s about to come both economically and in terms of freedoms. All about obedience and control.

He has the skill set... Buy brand.. take as much money out as possible. Allow it to fail and allways leave a massive hole in the pension plans.. that's why he's on a 100m boat in monaco

Makes you start to think, can't this me illegal if people loose these pension and is there a way that people like Sir Phillip Green can loose his knighthood for they have he could save his own business with his own wealth instead of the way he is behaving.... in his yacht in Monaco while poverty hits the UK

Ain't that the guy who owns £100,000,000 yacht...dip your hands in your pockets , there YOUR employees!

An obvious lack of investment in Digital/Social has clearly cost them. Congrats to Foot Asylum on their attempts to aggressively invest in their online presence - I'm sure they'll fly high

Horrible little man

Pays 800+Mil for the company. Pays Tina Green 1.2Bil in dividends. Now it's in administration.. Surprise surprise.

Im sure Philip Green and his wife dont care about the 13,000 staff, hes on holiday with his wife on a £30,000 a night on the Island.......

If the £1.2 billion which 'Sir' Phillip Green plundered from Arcadia was recovered and distributed between the 13,000 employees, then they would each receive a pre-tax redundancy package of £92,307. However, that would deprive him of a second yacht which would be totally unacceptable, right? Far easier to put them on £380 a month universal credit and make them feel grateful for what they have.

Is this not the same fella crook that was before the house duedishry a few years back gave himself a huge payout or something like that then went into liquidation. Wounder how much he has received from government work sceem s . Then do the same again go into liquidation without paying staff layoffs nice man .

Long standing history of being vile to employees. I said 10 years ago, after hearing first hand stories, that his style was that of a dinosaur. Nobody runs companies that way anymore. Meanwhile he and his horror of a wife are laughing in Monaco because the UK can't touch the money they bled and stole from their staff and country. Interpol should be after these criminals.

Wait till social basic allowance comes out when everyone’s unemployed and we are all in a fascist police state, running of AI and digital currency.

Your local Topshop, soon to be inevitably replaced by a betting shop, an off license or a takeaway place.

At least he's got his yacht and million's and million's stashed away. He'll have a lovely Christmas

My sympathies to the staff but not to the businesses! Yet another case of insufficient investment and too slow to adapt to changing trends! Maybe Sir Philip shouldn’t have siphoned off that £1.2bn dividend to his wife, and maybe he should get out his chequebook before expecting other people to!

To bad - Arcadia goes for a Burton.

Paid no tax - business in the wife's name. How many times can you sell in your own shops and concessions near-by? All high street businesses sold their freeholds to investment companies, rentals kept going up and up, trade went down because of online companies with fewer overheads - recipe for disaster. High street rents, followed by rates need to find their new levels of sustainability. Ridiculous rents were charged before the downturn of the high street All unsustainable. The selling of freeholds has meant that companies have no assets to raise money from. Hotels have gone through the same problem. Investment companies have seen continual increases in rents. They need to take notice of their small in ads. Investments may decrease due to tradingconditions. This is a knock-on problem.

444 stores vacant in UK, who is looking for store?😲