Jun 13, 2019
Green: Topshop empire 'didn't come close to collapse'
A triumphant Sir Philip Green thanked the landlords and suppliers who backed the deal that saved his retail empire. "It didn't come close to collapse - we won the vote. It was a legitimate vote that was won". Arcadia is hardly the first high street operator to suffer in recent years but Sir Philip Green's one time status as "King of the High Street", a flamboyant lifestyle along with a series of allegations of racial and sexual harassment have singled him out for special attention. Fifty out of 566 stores are to close and there may be more - but it is still intact. Some wonder whether Sir Philip, who still calls the shots but rarely visits the UK and comes from a very different retailing era, is the right person to take this business into the future.
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