Philip Green news and archive

Philip Green's retail empire suffers dramatic loss

Sir Philip Green’s Arcadia Group has suffered an unprecedented loss of 169 million pounds, as the ailing business narrowly avoided a collapse in June this year. Accounts filed by Arcadia’s holding company Taveta Investments Ltd showed turnover fell 4.5 percent to 1.81 billion pounds, while operating profit fell to 78.1 million pounds from 124.1...

Retail

Sir Philip Green sells BHS headquarters for 44 million pounds

Sir Philip Green has sold the former BHS head office in London for 44 million pounds to investment group Aprirose. The sale comes nearly four years after Green offloaded the BHS retail group for just one pound. The building was reportedly under Arcadia ownership since 2016. The former headquarters were situated in Marylebone House in central...