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The break-up of Sears, which he took over in 1999, resulted in a profit of almost £300m, while the refinancing of Arcadia in 2005 resulted in a £1.2bn tax-free dividend to the Green family.
Dec 2, 2020 · Some of the stores not retained by Arcadia Group were taken up by other fashion firms, with Monsoon acquiring a large number. The Green family cashed out £1.2 billion in dividends from...
Aggressive cost-cutting rapidly improved Arcadia’s profitability, allowing it to pay a £1.2bn tax-free dividend to the Green family.
Philip Green has paid himself a £1.2 billion dividend - equivalent to almost four times annual operating profits at Arcadia Group, the retail chain he bought three years ago.
Jun 14, 2019 · One of Philip Green’s longstanding backers has sold its remaining shares in the group that owns his troubled Arcadia retail business for just £1, company filings reveal.
Nov 30, 2020 · Rolling coverage of the latest economic and financial news, as Sir Philip Green’s Arcadia group enters administration. Breaking: Deloitte appointed as administrators to Arcadia. No job losses...
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In April 2019, it was reported that the Arcadia Group, controlled by the Green family, had recorded a £300m deficit in its pension fund, while the Green family had cashed out £1.2bn in dividends from Arcadia in 2005. The Arcadia Group entered administration on 30 November 2020.
