Retailers have been hammered this year by lockdowns, adding to existing headaches high street firms were facing, such as increasing competition online.
Green today faced calls to cover the estimated £350million shortfall in the company’s pension scheme from his family’s personal wealth.
Stephen Timms, the head of the Work and Pensions Committee, said: “There is unquestionably a moral case for the Green family to do the right thing and guarantee Arcadia’s hardworking staff what is rightfully theirs, whatever happens this Christmas.”
If the group enters administration, its pension scheme would be taken on by the Pension Protection Fund.
