After successfully winning the battle to save his stores–including Topshop/Topman, Miss Selfridge, Burton, Dorothy Perkins, Evans and Wallis–in June last year, Green is now waging a new battle for which he could not possibly prepare.
Although having suffered seven days of isolation for corona-like symptoms himself, Hyman says that amongst the CEOs he’s spoken with , “store sales are 90% down and online 50% is down.” The appetite Philip and his wife Christina Green have for digging into their own pockets remains unknown. But over the last few years their estimated net worth has slumped and their ability to rescue the Arcadia empire is limited.The lion’s share of the Green fortune comes from a dividend Arcadia paid to Green and his wife, Lady Tina Green, of $2.1 billion in 2005.
Anusha Couttigane, principal fashion analyst at Kantar, says the survival of these retail empires will depend on the time until social distancing measures are officially relaxed. An important point that shops simply do not yet know.that no business saw this coming, and all are vulnerable. But the ones that survive will be remembered for the role they played when times were tough.
It is amazing. Green and Martin dont get together and cock up this country completely. Ignore all advice. Shops pubs open millions spending and dying. Pair of xxxxxxx
Make billionaires extinct.
Well his £50m yacht won’t save him...
Filthy fat (insert insult here) when this blows over society needs to punish these filthy elite who have done nothing to help their fellow man. Those that can don’t and those that can’t do.
Hate to see it 🤣
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