A group of American property companies has filed a legal challenge to Arcadia’s decision to push its US subsidiary into administration, threatening an expensive distraction to Philip Green’s plans to put his ailing empire on a firmer financial footing.

A group of American property companies has filed a legal challenge to Arcadia’s decision to push its US subsidiary into administration, threatening an expensive distraction to Philip Green’s plans to put his ailing empire on a firmer financial footing.
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