Philip Green
This coverage examines Philip Green’s role, influence, and decisions within the UK retail industry. Reporting includes analysis of leadership actions, business strategies, corporate governance, and the impact of his stewardship on high street brands and the wider retail landscape. Relevant for professionals interested in executive leadership, corporate restructuring, and retail legacy narratives.
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Jul- 2020 -27 JulyClothing & Shoes
Arcadia on verge of launching restructuring process
Arcadia is reportedly set to launch a restructuring process just a year after it pushed from a CVA proposal, as it battles to overcome the challenges presented by the coronavirus pandemic. According to the Sunday Times, the retail group owned by Sir Philip Green has presented a cost-cutting plan to…
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2 JulyClothing & Shoes
Arcadia to cut 500 head office jobs
Arcadia has revealed it is set to cut around 500 head office roles due to the impact of the coronavirus pandemic. The group reportedly informed staff in an email on Wednesday around a fifth of its 2,500 head office staff would be affected by the restructuring. Reports suggest that the…
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Apr- 2020 -3 AprilClothing & Shoes
Arcadia bosses to face 50% pay cuts as 14,500 staff furloughed
Philip Green’s Arcadia Group has announced it has placed 14,500 members of staff on government furlough and has revealed its executive team will take a salary reduction of up to 50%. The group, which closed its stores around two weeks ago, said it “remains unclear” how long these closures will…
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Mar- 2020 -26 MarchClothing & Shoes
Arcadia ends fixed-term contracts early in view of Covid-19
Philip Green’s Arcadia Group has reportedly informed its employees that it will be ending fixed-term contracts early as a result of the coronavirus outbreak. In a letter seen by Drapers, the fashion retailer said that the retail industry has been “significantly impacted” by high levels of “consumer uncertainty” and as…
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Feb- 2020 -5 FebruaryPeople Moves
Wilko appoints Jerome Saint-Marc as its first CEO
Home and garden needs retailer Wilko appointed Jerome Saint-Marc as its first ever CEO to help “lead the business forward”. Wilko said Saint-Marc will deliver the “day to day leadership, energy and alignment” around Wilko’s strategic repositioning to reinvent the company’s customer proposition to take on a stronger product-focussed orientation…
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Dec- 2019 -11 DecemberAnalysis
Small business owners dip into personal wealth to survive? Of course they do
We are living through an era where there is much discussion about capitalism, taxes, executive pay and so on. Is Philip Green a monster for raiding the BHS coffers when they were his to raid? Is the pay of a city CEO morally acceptable when his lowest paid workers are…
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Nov- 2019 -6 NovemberPeople Moves
Former BHS owner banned from being a director for 10 years
Former BHS director Dominic Chappell has been disqualified from running a company for 10 years. Ex-racing driver Chappell purchased BHS from Sir Phillip Green for £1 in 2015, but the chain collapsed in April 2016, resulting in over 10,000 jobs being lost. The Insolvency Service disqualified Chappell for “abusing his…
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4 NovemberHigh Street
Sir Philip Green in talks with lenders to raise £300m before Christmas
Arcadia owner Sir Philip Green is reportedly in talks with specialist lenders about acquiring a £300m loan before Chritsmas in order to pay off the loan secured against Arcadia’s flagship Oxford Street Topshop store. According to the Sunday Times, to meet the repayment deadline next month Green is in talks…
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Oct- 2019 -7 OctoberHigh Street
Ex-BHS owner Dominic Chappell denies tax fraud
The former owner of BHS Dominic Chappell has denied he avoided paying £500,000 in tax. Chapell pleaded not guilty to three charges of tax evasion at Southwark Crown Court. The charges allege that he failed to register his former finance company Swiss Rock for taxes from the correct date, gave…
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Sep- 2019 -30 SeptemberClothing & Shoes
Miss Selfridge swings to £17.5m loss in 2018
Fashion retailer Miss Selfridge has reported a £17.5m loss for the year ending 1 September 2018. According to The Guardian, losses widened following more than £12m in one-off costs, mainly related to writedowns and redundancies. Sales also fell by 15% to £102m during the period, and the number of retail…
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