Sir Philip Green complaint against Lord Hain gets dismissed April 8, 2019 Sir Philip Green’s complaints against a peer who named him as the man at the centre of sexual harassment and racial abuse allegations were dismissed this afternoon. Read more: Top financial PR firm cuts ties with Sir Philip Green amid allegations The House of Lords standards body has dismissed a complaint from the retail tycoon [...]
Sir Philip Green’s Arcadia Group risks pension row with £25m funding cut proposal April 5, 2019 Sir Philip Green's Arcadia Group has proposed cutting the £50m it pays into its pension scheme in half in a move that risks igniting a new pensions row. Arcadia, which owns high street retail brands like Topshop, has internally discussed plans with advisers to cut retirement contributions to £25m as it looks to restructure its [...]
Property giant Intu promotes finance boss to become new chief executive April 4, 2019 Shopping centre-owner Intu Properties has promoted its finance boss to run the company, it announced today. Intu confirmed that Matthew Roberts was taking over as chief executive with effect from 29 April. Roberts has been chief financial officer at Intu since 2010 and was also previously chief financial officer at gambling firm Gala Coral and [...]
Topshop owner Philip Green makes list of stores he wants to abandon March 28, 2019 Embattled retail boss Sir Philip Green is reportedly looking to sever his ties with as many as 67 Arcadia stores in a bid to save the troubled fashion firm. According to reports in today’s FT, a swathe of high street and shopping centre stores under Green’s Arcadia group – which includes Topshop and Dorothy Perkins [...]
Sir Philip Green sells former BHS headquarters for £44m March 10, 2019 Retail tycoon Sir Philip Green has sold a former BHS headquarters in London as his fashion empire Arcadia faces challenges on the high street. Green, who has been under fire over allegations of racial abuse and sexual harassment – which he denies – has sold Marylebone House to property investment company Aprirose for £44m. Read more: [...]
Horrible bosses: How retailers can clean up their image March 7, 2019 It seems like a case of “another day, another scandal” in the retail industry at the moment. This time it’s Ted Baker founder and CEO, Ray Kelvin, who has been accused of “forced hugging”. While I can’t comment on the innocence (or otherwise) of the shamed chief, he joins a growing list of alleged wrong [...]
Gagging orders face the ban amid allegations against Sir Philip Green March 3, 2019 Leading politicians have vowed today to ban controversial “gagging orders” that have risen to prominence in the wake of recent harassment allegations made against retail tycoon Sir Philip Green. Ministers have revealed sweeping plans this morning to tighten rules around non-disclosure agreements (NDAs), which have been at the centre of bullying claims surrounding the Topshop owner [...]
Top financial PR firm cuts ties with Sir Philip Green amid conduct allegations February 27, 2019 Sir Philip Green’s financial PR firm is set to jump ship tomorrow in the latest corporate blow to the embattled mogul, just days after Baroness Karren Brady quit as chair of his retail empire. City A.M. understands that Green’s communications consultancy Maitland/AMO is ending its relations with the scandal-hit tycoon tomorrow evening amid mounting public [...]
Karren Brady’s resignation is a warning to unscrupulous leaders like Philip Green February 26, 2019 The scandal surrounding Sir Philip Green, the retail tycoon behind high street chains such as Topshop, Miss Selfridge and the now-liquidated BHS, just keeps playing. Since last August, when the Daily Telegraph was first barred by a legal injunction from reporting allegations of misconduct against Green, fresh accusations have continued to surface, from sexual harassment to [...]
MPs ratchet up the pressure on Sir Philip Green after Karren Brady resignation February 25, 2019 Sir Philip Green’s retail empire is facing the renewed scrutiny of politicians this afternoon after Baroness Karren Brady resigned from her role as chair of Arcadia. Brady, who had vowed weeks ago to stay in her post out of "a real sense of duty", has stepped down as non-executive chairman of Taveta, the holding company [...]