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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Sep- 2019 -6 SeptemberHigh Street
Philip Green’s retailing empire posts £169.2m loss
Philip Green’s Arcadia has reported losses of £169.2m in its latest accounts posted on Companies House, blaming the “dramatically” changed retail landscape. For the 53 weeks to 1 September 2018 Arcadia losses totalled £169.2m compared with £49.4m profit the previous year. Its turnover also fell 4.5% to £1.8bn. However the…
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3 SeptemberHigh Street
Arcadia COO resigns after 25 years at the group
Arcadia has confirmed that COO David Shepherd has resigned following 25 years at the group. He had begun his career on the shop floor before working his way up to oversee the running of Topman. He took on the COO role in 2012. According to a filing on Companies House,…
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2 SeptemberHigh Street
Philip Green reportedly preparing to break up Arcadia
Arcadia boss Philip Green is preparing to break up the retail group prepare for a potential sale of the brands, according to a report from The Sunday Times. The reports states that Green has begun “laying the groundwork to split and sell parts” of the company over a “period of…
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Aug- 2019 -15 AugustAdvice
Responding to sexual harassment in the retail workplace
A recent survey from regional law firm Foot Anstey found just over 1 in 10 (11%) retail workers have experienced “inappropriate touching of a sexual nature” in their current role – with over a third (36%) of those workers believing their employer “could have done more” to prevent it happening. …
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Jul- 2019 -16 JulyHigh Street
Arcadia receives challenges on CVAs from US property group
Philip Green’s Arcadia has received a challenge from two legal entities of US property group Vornado, in relation to the company voluntary arrangements (CVAs) which were agreed last month. The retailer had all seven of its CVAs approved last month allowing it to restructure to avoid administration, more than 23…
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4 JulyClothing & Shoes
Monsoon creditors agree to CVA
Monsoon Accessorize creditors have given the green light on the retailer’s CVA plans which will see over half of its stores receive rent reductions. The reductions, which were proposed last month, will see cuts to rents of between 25%- 65% across 135 out of its 258 stores after the retailer…
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Jun- 2019 -24 JuneGovernment
Pensions Regulator boss to face questions over Arcadia deal
The Pension Regulator (TPR) boss, Charles Counsell is set to appear in front of the Work and Pensions Committee, regarding the settlement with Arcadia boss Philip Green last month. The agreement, saw Green pledge an extra £25m per year to its company pension fund for three years, while in return…
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20 JuneComment
How retailers can tackle discrimination, bullying and harassment
Allegations of bullying and harassment are common across many industries and the retail sector is not immune. Recently Lord Peter Hain, a Labour peer, used parliamentary privilege to accuse Philip Green of bullying. Lord Hain said he chose to speak up after hearing “horrible” claims of sexual assault resulting in…
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18 JuneHigh Street
Former BHS owner in court over tax evasion allegations
Former BHS owner Dominic Chappell is to appear in court today (18 June) on accusations of tax evasion in relation to a finance company at which he was the director. Chappell is due to appear at the City of London Magistrates Court, facing three charges of cheating the public revenue…
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17 JuneClothing & Shoes
US landlords file legal challenge against Arcadia CVA
A group of US landlords have filed a legal challenge against Philip Green’s Arcadia in light of the company voluntary agreements (CVAs) that were agreed last week, which will see its US subsidiary enter administration. According to The Sunday Times the group of property investment companies, led by Vornado, accuse…
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