Sir Philip Green considers selling Arcadia to Shandong Ruyi

Sir Philip Green may be considering sale of all or part of his Arcadia Group, reports The Sunday Times. The report added that the Topshop-owner is believed to be negotiating with Chinese textile major Shandong Ruyi. However, according to The Daily Telegraph, Frank Field, the chairman of the influential work and pensions select committee, is urging the government to enable the pensions regulator to bring a stay on the sale to avoid repeat of the BHS-like scandal.