Philip Green News
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Billionaire Dmitry Rybolovlev, Russia’s 14th-richest person, and his wife, Elena Rybolovleva, have been brawling for almost five years in at least seven countries over his $9.5 billion fortune.
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In the wake of disasters in Bangladesh garment factories that have claimed hundreds of lives in recent months, shoppers in the west have shown growing concern about worker safety in developing countries. As long as it doesn’t mean an end to bargains.
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On the heels of Downton Abbey’s success on American television, British retailers are banking on a love of all things English to expand their business in the world’s biggest apparel market.
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Philip Green, the billionaire owner of Britain’s Arcadia fashion empire, sold a 25 percent stake in the Topshop and Topman retail chains to raise 500 million pounds ($805 million) of firepower for international expansion.
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Philip Green, the billionaire owner of the TopShop fashion chain, said he may spend 5 billion pounds ($8 billion) on an acquisition should the opportunity arise.
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Fashion chain Topshop, part of the Arcadia fashion empire owned by billionaire Philip Green, is planning to open its first stores in Germany, two people familiar with the plans said.
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Philip Green, the billionaire owner of the Arcadia fashion business, is in advanced talks to sell a 25 percent stake in the Topshop and Topman chains to Leonard Green & Partners LP, said a person familiar with the matter.
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Arcadia Group Ltd., the U.K. fashion retailer owned by billionaire Philip Green, said it is cautious about the year ahead as sales growth slowed in the first weeks of the fiscal period.
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Billionaire Philip Green, owner of the Topshop, Dorothy Perkins and Wallis fashion chains, called for the government to extend Sunday opening hours in December to help U.K. shops and meet the needs of consumers.
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Marks & Spencer Group Plc, the U.K.’s largest clothing retailer, rose the most in almost four years in London trading on speculation that the Qatar Investment Authority is considering an 8 billion-pound ($12 billion) offer.
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