Sir Philip Green’s retail empire ‘rakes in millions in Government furlough handouts while axing 300 staff on the cheap’
SIR PHILIP Green’s retail empire axed staff on the cheap while taking government furlough handouts, leaked documents reportedly show.
Arcadia Group, which owns a clutch of high-street retail brands, has taken millions of pounds from the public purse to pay workers on furlough.
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The Times reports the company – headed up by Sir Philip, worth £950million -has made 300 staff redundant at its head office and exploited a loophole in official rule to pay a reduced rate in the notice period.
An executive there reportedly told staff the fashion empire needed to take “every penny we can get”.
One employee told