03/14/1952Place of birth :
Croydon - United KingdomCountry of residence :
United KingdomLinked companies :
Arcadia - Etam Developpement SCA
British billionaire Philip Green is known for his commercial success, his unconventionality and for his mordacity. Seventh richest man in Britain, he shares with his wife Christina a fortune of £3.6 billion, according to the Sunday Times.
He leaved the school at 15 years old, and he began to work as shoes importer travelling in United States, Europe and Far East. When he came back in UK, he borrowed £20 000 and he created his first business importing jeans and selling these to retailers in London.
In 1979, Philip Green bought a large stock of clothing at extremely low prices, and he decided to open his own shop.
In 1988 he became Chairman of Amber Day, a retailing company listed on the Stock exchange.
In early 90s, he bought the chain stores Owen Owen and in 1995 Olympus Sports, which he sold three years later to JJB Sports for £ 550 million.
In 1999, he became popular thanks to hostile takeover’s attempt on Marks and Spencer. Acquisition was blocked by board of directors of the most famous British chain stores, for this reason Green changes the victim, British Home Stores (BHS), which he bought in 2000.
Two years later, it was Arcadia Group’s turn, which owned famous brands Burton, Dorothy Perkins, Evans, Miss Selfridge, Outfit, Topshop / Topman and Wallis. Recently also Etam’s chain was acquired by the English businessman.
On 20th October 2005, Green distributed to Arcadia Group’s shareholders dividends of nearly £1.3 billion, and he and his wife (own for 92%) received £1.17 billion, this is the largest dividend ever received by an individual investor in the history of the British company.
In occasion of disappearance of Maddie in Britain, Green has donated £ 250,000 reward for any information relevant to the investigation.
For his son’s bar mitzvah, Green spent £ 4 million for three days festival, he invited the singer Andrea Bocelli and Destiny’s Child.
"I am brave, but I take a view. It is an educated view. I am careful. I am not reckless."
"I think I pick more winners than losers."
"I'm in the retail business, not the circus business."
Copyright © 4-traders.com / Photo © Maxppp
|Latest news about Philip Green|| |
|U.K.'s Green Interested in Bed Retailer Dreams - FT|
LONDON--British billionaire Philip Green is among those interested in bed retailer Dreams, the Financial Times said Saturday.
Two people familiar with the situation said Mr. Green was among those through to the next round of bidding for Dreams, the FT said.
Mike Clare, th
|Green Eyes US with Sale of 25% Stake in Topshop|
British billionaire Philip Green Thursday announced the sale of 25% of his Topshop fashion chain to a U.S. private-equity firm for GBP500 million as he looks to establish his credentials as an international retailer.
The sale, to investment company Leonard Green & Partners LP,