'Put that down, cancel that': the Guardian tracks Philip Green to Monaco http://bit.ly/2JXOnZa Rupert Neate in Monaco As his Arcadia empire struggles for survival, its chairman is planning a grand prix party While Sir Philip Green’s 19,000 employees fear for their future as his Arcadia retail empire attempts to engineer a rescue deal, the Guardian tracked down the multimillionaire owner to tax-free Monaco, where he is preparing to host a lavish party aboard his £100m superyacht during this weekend’s grand prix. As Arcadia faces a financial crisis – which in the best-case scenario will lead to dozens of store closures and job cuts, or in the worst case could spell the demise of the Topshop, Miss Selfridge and Wallis retail empire – Green is noticeable by his absence. The retail tycoon, who is chairman of the company and whose family owns the business, has not set foot in Arcadia’s West End headquarters or any UK stores for at least six months. Continue reading... https://ift.tt/eA8V8J May 23, 2019 at 06:00PM

As his Arcadia empire struggles for survival, its chairman is planning a grand prix party

While Sir Philip Green’s 19,000 employees fear for their future as his Arcadia retail empire attempts to engineer a rescue deal, the Guardian tracked down the multimillionaire owner to tax-free Monaco, where he is preparing to host a lavish party aboard his £100m superyacht during this weekend’s grand prix.

As Arcadia faces a financial crisis – which in the best-case scenario will lead to dozens of store closures and job cuts, or in the worst case could spell the demise of the Topshop, Miss Selfridge and Wallis retail empire – Green is noticeable by his absence. The retail tycoon, who is chairman of the company and whose family owns the business, has not set foot in Arcadia’s West End headquarters or any UK stores for at least six months.

Continue reading...

from The Guardian http://bit.ly/2JXOnZa