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Sir Philip Green

  • Sir Philip Green’s wife spent millions on London homes as BHS collapsed

    Sir Philip Green's wife spent millions on London homes as BHS collapsed

    Sir Philip Green’s wife spent millions on London properties while thousands of employees working at now-collapsed BHS prepared to lose their jobs.  Details of Lady Tina Green’s spending were laid bare in the ‘Pandora Papers – leaked offshore financial documents published by the BBC. Tina Green used a company located in the British Virgin Islands [...]

  • End of an era: Liquidators appointed to wind up Philip Green’s Arcadia empire

    Liquidators appointed to wind up Philip Green’s Arcadia empire

    The administrators of Philip Green’s collapsed Arcadia have appointed liquidators to wind up the companies, marking the end of an era for the tycoon’s once-booming retail empire. Arcadia operated a number of high street brands across the UK and globally, including Topshop, Burton and Dorothy Perkins, and employed over 13,000 people at its peak. The [...]

  • Singled out: This year’s billionaire Brits

    Singled out: This year’s billionaire Brits

    Forbes released its highly anticipated billionaire list yesterday morning which has left regular folks pinching purse strings in hopes to add another zero to their bank accounts. The UK’s home-grown billionaires did not make it into the lucrative top 10, which was dominated by tech big dogs: Amazon’s founder Jeff Bezos, Tesla and SpaceX’s Elon [...]

  • Sir Philip Green’s office furniture up for sale as administrators flog Arcadia assets after collapse

    March 22, 2021

    Administrators have begun flogging Arcadia’s assets, including sewing machines and Sir Philip Green’s office furniture, following the collapse of his retail empire.  Deloitte has appointed Hilco Global to sell the former Topshop owner’s London headquarters in a dramatic fall from high street royalty to the auction house.  Arcadia collapsed into administration last year, putting 13,000 [...]

  • Topshop set for discount sale price after Next pulls out of race, analysts say

    January 22, 2021

    The bidders circling Sir Philip Green’s collapsed retail empire Arcadia could bag a good deal to buy Topshop, after Next – a frontrunner to rescue the firm’s “crown jewel” – pulled out of the race.  Restructuring experts said Next’s exit from the sales process will put the other bidders in a stronger position, making it [...]

  • Next pulls out of plans to buy Topshop-owner Arcadia

    January 21, 2021

    Next has backed out of plans to buy Sir Philip Green’s collapsed retail empire Arcadia Group, potentially putting up to 13,000 jobs at risk. In a statement, the high street chain said it had withdrawn from plans to buy the Topshop owner because it was “unable to meet the price expectations of the vendor”. “Next [...]

  • JD Sports in talks with Authentic Brands over potential Topshop bid

    January 13, 2021

    JD Sports is reportedly in talks with Authentic Brands, the US owner of Barneys department store, about a potential bid for Topshop following the collapse of Sir Philip Green’s retail empire Arcadia. The firms are in early-stage discussions about a partnership, which would see JD Sports running the operations of an Authentic Brands-owned Topshop, Sky [...]

  • Arcadia empire begins to splinter as Aussies pick off Evans

    December 21, 2020

    City Chic Collective, an Australian retail company, has picked up the Evans brand from stricken high street giant Arcadia. The antipodean firm has brought Evans’ brand and wholesale business, though UK stores are not part of the deal. The deal is thought to be worth around £23m. Read more: Where did it all go wrong [...]

  • Next mulls bid for Sir Philip Green’s collapsed retail empire Arcadia

    December 18, 2020

    Next is reportedly weighing up a bid for Sir Philip Green’s collapsed retail empire Arcadia with US investment firm Davidson Kempner Capital Management. The high street retailer is holding detailed discussions with Davidson Kempner about a combined offer for Arcadia, the owner of Topshop, Dorothy Perkins and Miss Selfridge, after it fell into administration last [...]

  • Ed Miliband calls on Philip Green to plug Arcadia pensions gap

    December 2, 2020

    Shadow Business Secretary Ed Miliband has called on Sir Philip Green to plug the pension deficit at his failed retail firm Arcadia, saying staff “shouldn’t pay the price for his greed.” Speaking to Kay Burley on Sky News this morning, the former Labour leader said that Green “owes a moral responsibility to 12,000 workers who [...]

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