Philip Green's empire was doomed by failure to move with the times
The businessman was all about glamour, when investment in his brands and internet technology was what was needed
For nearly two decades Sir Philip Green has been Britain’s most famous, or perhaps infamous, shopkeeper, with a store on every major UK high street and in every shopping centre. But with his stricken Arcadia fashion empire expected to enter administration this week, the fashion group’s problems could mark the end of an era for the controversial businessman – and another lurch downwards for a high street stricken by coronavirus.
Green made his fortune in traditional bricks-and-mortar retailing, buying BHS and then Topshop owner Arcadia in the early 00s. Today, BHS no longer exists and the financial turmoil at Arcadia casts doubt over the future of its 500 stores and 13,000 staff.