| Sir Philip Green | |
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Green in 2007
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| Born | 15 March 1952 Croydon, England |
| Residence | Monaco |
| Nationality | British |
| Occupation | Businessman |
| Years active | 1967–present |
| Net worth | £3.8 billion (2017) |
| Political party | Conservative |
| Spouse(s) | Tina Green |
| Children | Chloe Brandon Stasha Palos (stepdaughter) Brett Palos (stepson) |
Sir Philip Nigel Ross Green (born 15 March 1952) is a British businessman, and the chairman of Arcadia Group, a retail company that includes Topshop, Topman, Wallis, Evans, Burton, Miss Selfridge, Dorothy Perkins, and Outfit. The BHS department store chain used to be part of the group.
Green has been involved in a number of controversies throughout his professional career, including his actions prior to the demise of BHS. In October 2016, the House of Commons approved a measure to ask the Honours Forfeiture Committee to strip Green of his knighthood for his role in the downfall of BHS.
Biography
Green was born on 15 March 1952 in Croydon, south London, into a middle class Jewish family. The son of a successful property developer and retailer, it was his father’s business which he was to inherit at the age of 12 upon his death. He has a sister, Elizabeth, five years his senior. His family moved to Hampstead Garden Suburb, a middle-class enclave in north London, and at the age of nine he was sent to the now-closed Jewish boarding school Carmel College in Oxfordshire.
When his father died of a heart attack, Green was in line to inherit the family business at the age of twelve. After leaving boarding school at 15, he worked for a shoe importer before travelling to the US, Europe and the far east. It was on his return that he set up his first business with a £20,000 loan backed by his family (or £216,000 in 2014 pounds) at age 21, importing jeans from the far east to sell on to London retailers.
In 1979, Green bought up the entire stock of ten designer label clothes sellers, who had gone into receivership, for extremely low prices. He then had the newly bought clothes sent to the dry cleaners, got them put on hangers, wrapped them in polythene to make them look new, and then bought a place to sell them to the public.
Philip Green net worth: Philip Green is a British businessman who has a net worth of $2.7 billion. Philip Green is currently the CEO of Arcadia Group, a retail giant that includes Topshop, BHS and Dorothy Perkins. Green quit school at the age of 15 to work as shoes importer. Thus, he was travelling across the United States, Europe and the Far East, eventually getting the idea to start his own business. When he returned to the UK, Green borrowed £20 000 to set up his first deal importing jeans and selling these to retailers in London. It was in 1979, when he purchased a big stock of clothing at extremely low prices, and he decided to open his own store. Nine years later Green became Chairman of Amber Day, a retailing company listed on the Stock exchange. As the years passed, he bought the chain stores Owen Owen and Olympus Sports. Green made a good deal out of the latter, which he sold to JJB Sports for £550 million three year after the purchase. In 1999, he made a name for himself thanks to hostile takeover’s attempt on Marks and Spencer, an acquisition which was blocked by the board of directors of the most famous British chain stores. But this didn’t stop him from taking over British Home Stores (BHS) one year later. Then in 2012, it was Arcadia Group’s turn, while recently he took the Etam’s chain in his possession. Thanks to his wise business moves, Philip Green has become one of Britain’s richest, known for his commercial success and unconventionality.
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