Topshop Billionaire Sir Philip Green Fighting For Survival And ‘Refusing’ To Pay Shop Rents–Report

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. What is known is that there simply isn’t as much there to dig through today as there once was.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 there is no business that is not vulnerable and no business saw this coming. But the ones that survive will be remembered for the role they played when times were tough.

Source: News Formal (newsformal.com)

'Fighting for survival' really poor taste. Even as a financial metaphor it's catshit.

He can pay back the £400m dividend he paid out to his wife.

I'll be boycotting his shops if he lays off workers.

Time to take a swimming lesson from Capn Bob.

Topshop 'BILLIONAIRE'.

“(T)he end is nigh for Arcadia, describing the coronavirus’ effect on UK retail as “difficult to survive” unless billionaire owners ”dig into their own pockets” to pay staff” Let’s be clear, billionaires didn’t become billionaires by being philanthropists.

Another multi billionaire doing his bit for the human race ....

Quote - 'The appetite Philip and his wife Christina Green have for digging into their own pockets remains unknown'... He has never paid a penny of his own money into Arcadia. I think we can guess how big his appetite will be, today 😶

Louisecg88

The landlords need to grab his yacht

What goes around comes around 😃😃😃😃😃😃🤯

I really fucking doubt that Philip Green is 'fighting for survival'. Some of his employees will be.

dont you just love to see his downfall

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