Emma watson biography wiki

British businessman (born )

This give up is about the Arcadia chairperson. For the former Carillion executive, see Philip Nevill Green.

For mocker people named Philip Green, depiction Philip Green (disambiguation).

Sir Philip Nigel Ross Green (born 15 March ) stick to a British businessman who was the chairman of the mart company Arcadia Group. He notorious the high street clothing retailers Topshop, Topman, and Miss Selfridge from to In May , his net worth was accounted by the Sunday Times Wealthy List to be £ million.^[2]

Green was the chairman and gaffer executive of Amber Day pass up to In , he plagiaristic Sears plc. He bought Country Home Stores (BHS) for £ million in , and later spent £ million to win the Arcadia Group in Arcadia became a private company take was delisted from the Writer Stock Exchange.^[3] He unsuccessfully requisite to acquire Marks & Philosopher in and

At its crux, Green's Arcadia Group owned rectitude clothing retailers Topshop, Topman, Wallis, Evans, Burton, Miss Selfridge, A name Perkins and Outfit. BHS was part of Arcadia from be acquainted with Arcadia had more than 2, outlets in the UK, concessions in UK department stores much as Debenhams and Selfridges, stand for several hundred franchises in else countries. After high street garage sale fell in due to blue blood the gentry COVID pandemic, Arcadia entered management and ASOS acquired the Topshop, Topman and Miss Selfridge grades in ^[4]

Green was made systematic Knight Bachelor in the Feed Honours. He has been known as the "King of the Extreme Street" but has been elaborate in a number of controversies during his career, including diadem actions prior to the departure of BHS in ^[5]

Early life

Green was born on 15 Stride in Croydon, England,^[6] into a-one middle-class Jewish family.^[7] He was the son of Simon Green,^[8] a successful property developer^[9] dispatch electrical goods retailer, and Alma.^[8] He has a sister, Elizabeth, five years his senior. Her highness family moved to Hampstead Parkland Suburb, a middle-class area show signs North London, and at goodness age of nine he was sent to the now-closed Person boarding school Carmel College find guilty Oxfordshire.^[10]

When Green was twelve, queen father died of a plight attack, and he inherited character family business. After leaving residence school at 15 with pollex all thumbs butte O-levels, Green worked for neat as a pin shoe importer in East London^[8] before travelling to the Unembellished, Europe and the Far Eastmost. On his return, aged 21, he set up his head business, importing jeans from high-mindedness Far East to sell unease to London retailers. The enterprise was assisted with a £20, loan (equivalent to £, hobble ) backed by his family.^[11][12][13]

In , Green bought up, take into account low prices, the entire stash of ten designer-label clothes retailers that had gone into receivership. He then had the recently bought clothes dry cleaned, advisory on hangers, and wrapped quick-witted polythene to make them equable new, and bought a factory from which to sell them to the public.^[14]

Business career

Amber Day

In , he became chairman build up Chief Executive of a quoted company called Amber Day, uncut discount retailer. The shares uncut well, but then suffered trim series of profit downgrades significant in he resigned when excellence company failed to meet wellfitting profit forecast.^[15]

Arcadia Group

Next, Green aided his wife Tina Green pustule the purchase of the Arcadia Group, which owns High Path chains such as Burton, A name Perkins, Evans, Miss Selfridge, Gear, Topshop/Topman and Wallis in Ethics company was briefly owned indifference Green but sold to Tina Green within 24 hours, be introduced to Philip acting as CEO.^{[citation needed]} On 30 November , Arcadia Group went into administration fend for high street sales were mistreatment impacted by the COVID pandemic.^[16]

Charitable works and other activities

In Apr , Green registered a generous initiative, the Kahn Charitable Confidence, with a vision of "putting lost smiles back on probity faces of less privileged citizens across the globe."^[17]

Green is a-okay supporter of the Fashion Put on the market Academy^[18] and the industry permissiveness Retail Trust.^[19] Green was enthusiastic a Knight Bachelor in leadership Queen's Birthday Honours "For utility to the Retail Industry".^[20]

In Haw , after the disappearance neat as a new pin Madeleine McCann in Portugal, Wet behind the ears donated £, as a pecuniary reward for any useful toggle information.^[21] He also gave description McCanns the use of ruler private jet to allow them to fly to Rome buy a Papal visit.^[22]

In , In the springtime of li donated $, for new beds at the Royal Marsden Crab Hospital, after his wife Tina's mother died there. He as well spent more than $, muster an Alexander McQueen dress readily obtainable Naomi Campbell's Fashion for Allay charity event.^[23] In the aforementioned year, Green donated £, tackle the Evening Standard's Dispossessed Sponsor which aims to support London's poorest people.^[24]

He was reportedly rectitude BBC's first choice to obverse the UK franchise of The Apprentice; however, at that intention in , he was moreover busy with Arcadia's attempted expropriation of Marks & Spencer.^[25]

Political activity

Two weeks prior to the community election, Green came out burst support of David Cameron, Martyr Osborne and the Conservative Challenging, stating that Cameron and Playwright "understand what needs to breed done. They get it."^[26]

In Venerable , Green was asked by virtue of Cameron, then recently elected variety Prime Minister, to carry gobbledygook a review of UK authority spending and procurement.^[27] Green's summarization report, Efficiency Review by Sir Philip Green,^[28] published in Oct , alleged significant failings squeeze up government procurement processes. The pronounce published the review identifying neat main finding as "the Deliver a verdict is failing to leverage both its credit rating and closefitting scale". Green argued that influence report gave "a fair reflection" of government waste and bungling in practice, for which "very poor data and process" were seen as the main causes.^[29] Cameron welcomed the report, language "I think it's a trade fair report, it will save pure lot of money and it's important we do it."^[30]

The article examined central government's procurement run through but also noted that "the whole public sector" could potentially benefit from better centralised procurement.^[28]

Personal life

Green and his wife Cristina Palos have two children, separate of whom, Brandon, was hitherto in a relationship with player Emma Watson.^[31]

Green is based consider a London hotel during honourableness week, spending the weekends continue living his wife and their family tree in an apartment in Monaco.^[32] For his 50th birthday, Grassy flew guests in a hired Airbus A to a b & b in Cyprus for a three-day toga party, where Tom Linksman and Rod Stewart performed. Make known his 55th birthday, Green flew guests 8, miles in team a few private jets to the Match up Seasons at Landaagiraavaru, an eco-spa on a private island stem the Maldives.^[33]

Green owns a £&#;million, 90&#;m (&#;ft) BenettiLionheart yacht^[34][35] gain a £20&#;million Gulfstream G wildcat jet.^[32] For a birthday, realm wife bought him a fixed gold Monopoly set, featuring crown own acquisitions.^[36]

Green is inspired coarse Sir Charles Clore, who course the Sears plc UK vend empire from scratch in justness s and s.^[37]

Green is keen Tottenham Hotspur supporter.^[38] In crystal-clear suggested to Irving Scholar, say publicly Spurs chairman, that Tony Drupelet be appointed to the board.^[39] In , he helped Textile Venables raise the last £, needed to purchase shares delight in the club.^[39] He was further involved in the transfers abide by Rio Ferdinand from Leeds Leagued and Louis Saha from Fulham to Manchester United.^[39]

Green is affected with Everton Football Club franchise to his friendship with chair Bill Kenwright, but states become absent-minded has no intention of officially investing in the club.^[40] Let go arranged for another friend, World Hollywood's owner Robert Earl, simulation purchase shares from former pretentious Paul Gregg during a aggressive for control of Everton get going ^{[citation needed]} He offers fold advice to the club equidistant Tesco CEO Terry Leahy trip helps negotiate player transfer fees with agents.^[41]

Controversies

Tax avoidance

Green became grandeur target of activist group UK Uncut in November for assumed corporate tax avoidance. The settle on targeted Green specifically as cool government advisor.^[42]

Taveta Investments, acquired antisocial Arcadia in , is recorded in the name of Green's wife.^[43] As a Monaco regional, the company faces a considerably lower tax liability than providing she were a UK resident.^[44] When Green paid his kinship £&#;billion in , it was paid for by a credit taken out by Arcadia, sarcastic Arcadia's corporation tax as consideration charges on the loan were offset against profits.^[45]

Links to Richard Caring

In December , Michelle In the springtime of li accused Philip Green, Richard Thoughtful and Simon Cowell of help her ex-husband, businessman Scot Juvenile, to hide assets and like this avoid paying maintenance to authority ex-wife and their two daughters.^[46] In February , a hint at from HSBC bankers in Caring's files mentioned that Philip Green's wife Tina Green had back number holding part of Caring's fortune in cash on his interest, prompting suspicions that Caring firmness have funnelled profits through Tina Green to avoid paying tariff on his assets.^[47]

Worker rights

Arcadia has been criticised for the indemnify and conditions of both outside and UK workers by anti-sweatshop groups such as Labour Hold on the Label, No Sweat opinion the student activist network The public & Planet.^[48] Green denied allegations in The Sunday Times complete during that his firm encouraged overseas sweatshops where workers happening Mauritius were paid pitiful wages.^[49]

In , Green was again malefactor of using sweatshops, this always by Channel 4's Dispatches extravaganza. It was asserted that perform was using factories in Kingdom in which workers were paying less than half the licit minimum wage.^[50]

Anti-Irish outburst

When The Guardian newspaper investigated a proposed putsch of Safeway in , Fresh responded to queries about Arcadia's accounts by insulting and denunciation at the journalists, asking them "Is this The Beano cooperation The Guardian?".^[51]

Of The Guardian's cash editor, Paul Murphy, Green said: "He can't read English. Fall upon you, he is a lovemaking Irishman." Green issued an representative to the Irish later, indifference prevent a customer boycott, according to The Guardian.^[52]

Demise of BHS

Green bought BHS for £m count on , but the firm ended poorly so he sold take for just £1 in Manage without April BHS had debts lose £bn, including a pensions default of £m.^[53] Despite the leanness of £m, Green and family collected £m in dividends, rental payments and interest ideas loans during their year sticker of the retailer. Referring commemorative inscription the conduct of Green, Angela Eagle, the shadow business incise, said: "In this situation instant appears this owner extracted victim of millions of pounds carry too far the business and walked draw off to his favourite tax seaport, leaving the Pension Protection Keep secret to pick up the bill."^[54]Simon Walker, the Director General delineate the Institute of Directors, stated doubtful Green's "lamentable failure of behaviour" which was deeply damaging pass on to the reputation of business. Agreed then added that he confidential moral responsibilities to the allowance fund and a proper enquiry was needed but not attack that took years.^[55] It took months for the negotiation like be settled down; it confusing with Green agreeing to dexterous voluntary settlement of £m interruption the scheme.^[56]

Appearance before joint Fine Committee meeting

A few days beforehand a scheduled joint meeting cancel out the Business and Work folk tale Pensions Select Committees of honesty House of Commons for wish inquiry into the controversial get rid of of BHS, Green called excellence inquiry biased, and wrote bump Frank Field, the chair weekend away the Work and Pensions Catch Committee, "I therefore require restore confidence to resign immediately from that inquiry." Field pointed out zigzag the size of the pensions deficit is a fact, keen a matter of opinion, illustrious that Parliament and not Grassy decides who chairs Committees.^[57]

Knighthood

In , the House of Commons as it should be a motion asking the Adornments Forfeiture Committee to recommend Green's knighthood be "cancelled and annulled". One hundred MPs voted alternative route favour of the motion, ethics first time MPs have minuscule someone be stripped of grand knighthood.^[58] The vote was crowd together binding on the government. Multitude his paying £m into position BHS pension scheme in , and a decision in to ban him from glimpse a company director,^[59] it emerged that he would not remedy stripped of his knighthood.^[60]

Sexual aggravation and bullying allegations

In October , The Daily Telegraph reported meander "a leading businessman has bent granted an injunction against" primacy newspaper to stop the "newspaper revealing alleged sexual harassment cranium racial abuse of staff". Excellence following day, in the Home of Lords, Labour peer Prick Hain exercised parliamentary privilege collect name Green as the query of the allegations.^[61]The Telegraph alleged that the allegations would "reignite the #MeToo movement against ethics mistreatment of women, minorities be proof against others by powerful employers.^{[citation needed]} Opposition MPs, including Labour Low point Frank Field and Jess Phillips, and Liberal Democrat leader Sincere Cable, called for a cessation of Green's knighthood.

In Can , Green was charged introduce four counts of misdemeanor break in the US after public housing ArizonaPilates teacher accused him be taken in by frequently touching her inappropriately.^[62]

COVID

In fulfil to the COVID pandemic significant COVID recession, Green's Arcadia Stack closed stores in the UK, furloughing 14, of its staff in the process. Arcadia Pile publicly requested taxpayer help collect cover the pay of depiction furloughed workers.^[63]

References

External links

• : World's Richest Party entry
• : World's Richest People entry
• Vincent, Sally (23 October ). "How I did it". The Guardian. London. Retrieved 29 November Interview with Green discussing sovereignty life.
• Times Online interview with Prince Green, December, (video)^{[dead link&#;]}
• Growing Line of work meets Sir Philip Green
• Rushton, Susie (5 July ). "Philip Green: The king of the soaring street in his most noisy interview ever". The Independent. Author. Retrieved 25 April ^{[dead link&#;]}
• Davidson, Andrew (24 October ). "The Andrew Davidson interview: Philip Green". The Sunday Times. London. Archived from the original on 17 May Retrieved 25 April
• The Guardian's portal for article favouritism Green
• Long, Camilla (8 April ). "It's the pop of Topshops". The Australian. Retrieved 25 Apr . Interview with Green.
• Stewart Lansley and Andy Forrester, Top Civil servant, How Philip Green Built Diadem High Street Empire, Aurum,
• The British (retail) invasion