Green’s shake-up shunned by property developers

Sir Philip Green Arcadia
Sir Philip Green

The two biggest property agencies have refused to help Sir Philip Green carry out a controversial insolvency procedure to cut costs at his retail empire, raising doubts about the viability of the plan.

CBRE, the market leader, and JLL, the No 2, are understood to have declined to work on a company voluntary arrangement (CVA) for Arcadia, the parent company of Topshop.

Read the full story on The Sunday Times [subscription]