Our place to talk – an independent website for supporters of the Liberal Democrat party in the UK.

The most-read independent website by and for Lib Dem supporters. Not paid for by trade unions or millionaires.

Advert

Tag Archives: high street business

Philip Green and bad business – Lib Dems must act firmly

By Nigel Lindsay | Wed 2nd December 2020 - 9:00 am

The collapse of Philip Green’s retail empire, Arcadia is a sad case of history repeating itself. It is only 4.5 years since BHS went into administration, and whilst Green was no longer the owner then, having sold it for £1 in 2015 to the serial bankrupt Dominic Chappell, it was under Green’s ownership in the previous 15 years that the under-investment and plundering of profits led to the situation where the chain was no longer viable.

Retail analysts are commenting that a similar set of circumstances mean Arcadia is now not fit for purpose. The shops look tired, and there has been a failure to embrace online technology at a time when going to physical shops is difficult for many customers. Additionally, Green is reputed to have taken huge dividends out of Arcadia – £1.2billion in 2005, all of which is safely secured in his wife’s name in the tax haven of Monaco.

Continue reading »

Posted in News | Also tagged Arcadia Group, consumers and philip green | 28 Comments

Most Read

Op-eds

“Build, baby, build” but don’t lower our ambitions on affordability (Victor Chamberlain)
Twenty-six years of evidence on drugs. Twenty-six years of cowardice. (Tanya Park)
Tom Arms’ World Review (Tom Arms)
Observations of an Expat: Gaza (Tom Arms)
The Lib Dem strategy review (Rob Blackie)

Advert

Recent Comments

Jana
“ and argued that local people deserve to be able to afford to live in the communities they grew up in.” So, is the plan that local people who ‘grew up...
Peter Martin
@ Paul R , The EU Treaties may not explicitly use the term "political union," but they legally codify the core objectives of "ever closer union among the pe...
Peter Martin
'...
Peter Martin
Andy Burnham does seem to have a knack of choosing constituencies which don't have a railway station -at least not for their major town. Neither Ashton-in-Maker...
John Kelly
@Tom Arms – good article but I must take issue with you on the following paragraph: “Except for the occasional exchange of fire, fighting between Hamas and...