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.
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.
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.
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.
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.