Philip Green

Abstract is: Sir Philip Nigel Ross Green (born 15 March 1952) is a British businessman who was the chairman of the retail company the Arcadia Group. He owned the high street clothing retailers Topshop, Topman and Miss Selfridge from 2002 to 2020. As of May 2021, his net worth was estimated at £910 million. Green was the chairman and chief executive of Amber Day from 1988 to 1992. In 1999, he acquired Sears plc. He bought British Home Stores (BHS) for £200 million in 2000, and subsequently spent £840 million to acquire the Arcadia Group in 2002. Arcadia became a private company and was delisted from the London Stock Exchange. He unsuccessfully sought to acquire Marks & Spencer in 1999 and 2004. At its peak, Green's Arcadia Group owned the clothing retailers Topshop, Topman, Wallis, Evans, Burton, Miss Selfridge, Dorothy Perkins and Outfit. BHS was part of Arcadia from 2009 to 2015. Arcadia had more than 2,500 outlets in the UK, concessions in UK department stores such as Debenhams and Selfridges, and several hundred franchises in other countries. After high street sales fell in 2020 due to the COVID-19 pandemic, Arcadia entered administration and ASOS acquired the Topshop, Topman and Miss Selfridge brands in 2021. Green was made a Knight Bachelor in the 2006 Birthday Honours. He has been called the "King of the High Street" but has been involved in a number of controversies during his career, including his actions prior to the demise of BHS in 2016.