2020-11-30 22:14:29| Guardian Unlimited Business - more business news
He failed to save his retail chain but cannot plead poverty when it comes to saving staff pensionsSir Philip Green is exiting with barely a whimper. Theres still time for him to fire a volley of abuse or two at his detractors, but at this stage it would feel like going through the motions. Green has been a diminished business figure for years and his failure to save Arcadia has surprised nobody.His mistake was not selling the business a decade ago when the Topshop brand still had Kate Moss and co in tow. The arch-dealmaker never did that deal, though, seemingly not wanting to believe Arcadia was falling in value as he starved it of investment. Continue reading...
2020-11-30 17:02:20| BBC News | Business | World Edition
Every generation has its business pantomime villain - what's the real story with Philip Green?
2020-11-29 20:31:21| Guardian Unlimited Business - more business news
King of the high street will forever be associated with the downfall of BHS and now very possibly ArcadiaSir Philip Green is most at home in a grey tracksuit pacing the decks of his 100m superyacht Lionheart floating in the tax haven of Monaco shouting into one, two or sometimes even three mobile phones simultaneously.It is where he is this weekend ahead of what looks the end of the road for his Topshop fashion empire. And it is where the Guardian found the former self-crowned King of the high street when the newspaper tracked him down to ask him to reassure his 13,000 staff that he would look out for them the last time his business appeared to be teetering on the brink of collapse last summer. Continue reading...
2020-11-29 20:04:51| Guardian Unlimited Business - more business news
Topshop and Burton owner expected to enter administration within hours The Arcadia boss, Sir Philip Green, is under pressure from MPs and unions to use his private fortune to make good the huge shortfall in his retail empires pension scheme ahead of the companys expected collapse into administration.The owner of household names including Topshop, Topman, Miss Selfridge, Dorothy Perkins and Burton is expected to enter administration in the coming hours after the weekend failed to bring a last-minute rescue deal for Greens retail businesses. Continue reading...
2020-11-29 12:52:56| BBC News | Business | World Edition
His retail empire, including Topshop and Dorothy Perkins, is understood to be on the brink of collapse.