Karren Brady quits her role as chair of Sir Philip Green’s retail empire February 25, 2019 Baroness Karren Brady has resigned from Sir Philip Green’s retail investment firm just days after saying she owed it to staff to stay at the company. Brady has quit her post of non-executive chairman of Taveta Investments, the company behind Sir Philip’s Arcadia Group, which includes such brands as Topshop, the firm announced this morning. [...]
MPs call for Sir Philip Green to be stripped of his knighthood February 13, 2019 Sir Philip Green faces fresh calls to have his knighthood stripped amid claims he groped a female executive and made a racial slur at an employee. A cross-party group of MPs is exploring ways to strip the Topshop tycoon of the honour and title. Former business minister George Freeman said he would be “formally asking” [...]
Sir Philip Green accused of sexual and racial abuse and making £1m payouts in exchange for silence February 9, 2019 Topshop billionaire Sir Philip Green paid a female employee £1m to keep quiet after she accused him of kissing and groping her, according to a report in the Daily Telegraph. The paper alleges that Sir Philip called the senior female member of staff a “naughty girl” and made comments about her weight. It reported that [...]
Topshop billionaire Sir Philip Green drops legal injunction against the Telegraph February 8, 2019 A High Court judge has officially dropped Sir Philip Green's legal injunction against the Daily Telegraph. The Arcadia chairman had previously prevented the newspaper from publishing allegations of misconduct against five employees, including alleged sexual harassment and racial abuse. Mr Justice Warby granted the Topshop billionaire his request to discontinue the injunction on Friday, just [...]
Islington AI-powered gig economy startup Catapult nabs £4.3m February 6, 2019 On-demand staffing platform Catapult has raised £4.3m in fresh funding, taking its total amount raised in three years to £10m. The funding was led by Novator Partners, and supported by Dollar Shave Club and Jobbio-backer Elkstone Ventures. The Islington-based startup uses artificial intelligence to match the skills and experience of workers to employers' requirements, with [...]
Canadian vinyl record shop boss Doug Putman joins bidding war for HMV February 3, 2019 Canadian vinyl record tycoon Doug Putman has made a dramatic late bid to snap up collapsed music store HMV in a move that could hamper Mike Ashley's takeover plans. Douglas Putman, who owns Canadian chain Sunrise Records, has entered the auction and is now the front-runner ahead of the Sports Direct tycoon, according to media reports. [...]
The Beatles’ last message from Savile Row is being echoed by today’s bespoke tailors January 30, 2019 Exactly 50 years ago today the Beatles sang together for the final time. On the rooftop of the Apple offices at 3 Savile Row, they set up a surprise live concert that lasted 42 minutes before the police intervened. After one last rendition of “Get Back”, the band called it a day, bowing out of [...]
Sir Philip Green abandons legal action against the Telegraph over legal injunction January 28, 2019 Sir Philip Green has dropped his legal action against the Telegraph over its accusations against him of multiple claims of sexual harassment and racism. Sir Philip, who denies the allegations, was named in parliament by Lord Peter Hain after an injunction prevented the Telegraph from identifying the businessman after an eight-month investigation. Read more: Sir [...]
Philip Green closes 210 Arcadia stores over two years January 20, 2019 Arcadia boss Philip Green has closed 210 stores over the last two years, representing around a fifth of his UK retail empire. The tycoon allowed the leases to run out on individual stores instead of renewing them during an ongoing battle with falling sales and increasing property costs, the Sunday Telegraph reported. A total of 62 [...]
Former BHS owner Dominic Chappell fined for breaching pensions law December 14, 2018 Dominic Chappell, the former owner of collapsed retailer British Home Stores, has been fined almost £124,000 for breaking pensions law after the troubled department store fell into administration. Judge Christine Henson QC, who presided over today's re-sentencing at Hove Crown Court, criticised Chappell for showing a "complete lack of remorse". He was ordered to pay [...]