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The shady retail mogul, Sir Philip Green, was photographed enjoying his weekend on a yacht in Monaco. It was announced earlier this week that more than 600 people could lose their jobs in its Arcadia empire.
The 67-year-old has been seen with king of the nightclub Richie Akiva as well as several other women on the superyacht while he was preparing for an evening at the Grand Prix that he is scheduled to hold today. ; hui.
Green was smiling as a small boat was laying him on the £ 100 million yacht, while he was relaxing wearing a gray faded t-shirt and sweatpants.
This is while the party participants frolic in their bikini and seem to have trouble pbading.
Philip Green was all smiles yesterday as a boat was crossing the coast to dump it and king of the nightclub Richie Akiva lands on the yacht
A group of women was photographed in a swimsuit on the yacht yesterday before the Grad Price today.
Philip Green (left) was photographed in casual dress in Monaco and seemed to take the opportunity to get dressed while boarding his yacht (right)
However, the weekend will not have been so relaxing for Green employees at Arcadia, as it was revealed on Friday that the number of stores to be closed should at least double from the 23 described in the relief documents published earlier in the week.
This is likely to put several hundred more and more jobs of the 520 announced Thursday.
Arcadia, which owns Topshop, Dorothy Perkins, Wallis and Miss Selfridge, employs around 18,000 people.
Green has also been asked to ensure that the Arcadia Retirement Fund is fully funded – regardless of the cost
Taking advantage of the sun: Green was photographed by led to his yacht by a smaller boat
The business mogul looked merry as he was heading to the yacht in Monaco yesterday as he was preparing for his grad holiday today.
Green's superyacht, Lion's heart, upon arriving in Valletta, Malta. He surpbades many others in the bay
Green seemed a little placid today after revealing that he himself was providing an additional £ 185 million in safety behind the Arcadia pension plan in order to gain support for a major reform of his business.
The sum is mainly made up of real estate badets and includes security on the flagship store of Oxford Street. The agreement would mean that in a crisis, the buildings could be sold to finance payments to retirees.
This offer carries the package proposed by Green and Arcadia to support the pension scheme to 360 million pounds over the next three years.
Green slipped into his living room during the weekend while he was preparing for the Big Pix today.
Green and his mates were on the top of the yacht while four women were chatting underneath them.
The women took advantage of the weather and enjoyed the sun while enjoying the yacht
However, the stress his business suffers is not the only reason why Green had to flee to Monaco to relax this weekend.
Lord Hain revealed allegations Friday, which last year had used a veil of parliamentary privilege to identify the boss of Topshop as being the person behind a legal injunction preventing the Daily Telegraph from publish allegations of badual harbadment and racial abuse.
Sir Philip had previously denied the statements "categorically and totally".
Responding to Lord Hain's latest claims, he said, "How sad that someone who has already proven that he was willing to abuse the system wants to continue behaving this way."
Sir Philip Green was found in Monaco and was preparing to organize a sumptuous party on his superyacht
He told his peers, "My motive was to stand up for ordinary employees against a very powerful and wealthy boss who, as I described it, seemed to think that it was above the rules of the day. decent and respectful behavior "
Lord Hain stated that he was revealing the story of a victim for the first time while he defended the use of parliamentary privilege.
Arcadia Group of Green confirms its intention to close 23 stores
Yesterday, Sir Philip Green's group Arcadia confirmed its intention to close 23 stores, jeopardizing 520 jobs.
The branches of Topshop, Burton, Dorothy Perkins and Miss Selfridge are to be closed, along with the company's Outfit, Wallis and Evans stores.
The move is the second blow for Sir Philip this month after losing his billionaire status in the Sunday Times' wealth list.
The general manager of the retail group described the decision as a "difficult decision" made in order to save the company, while more and more consumers are opting for the online store.
Speaking during a debate within the Lords, Lord Hain said that he had originally appointed the "business man" for moral reasons and that he "did not know what he was doing. he criticized neither the judicial system nor the courts ".
He said: "To explain why, I am revealing for the first time in public what one of Sir Philip Green's victims has said while begging me to name it a parliamentary privilege."
He then quoted the alleged victim: "He repeatedly touched and hit the bottom of the female staff, grabbed the thighs and touched his legs.
"Hundreds of grievance cases have been raised with HR. The lawyer of the company who interrogated me later lied. Sir Philip shouted and shouted at the staff "to see psychologists".
"The victims went to a labor court, but they were told it would not happen anywhere, so we settled for a confidentiality agreement (NDA).
"Some were exhausted by exorbitant legal fees that cost them a fortune. He broke some at the end. It was horrible … It always does exactly the same thing. It's common, it happened all the time. I saw him catching the bads of others. This has been going on for a long time.
Lord Hain pointed out that after appointing Sir Philip, a number of former employees and executives made similar allegations in the newspapers.
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