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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.
Aggressive cost-cutting rapidly improved Arcadia’s profitability, allowing it to pay 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...
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.
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.
Oct 21, 2005 · The retail entrepreneur Philip Green has banked £1.2bn after awarding himself the biggest pay cheque in British corporate history. The huge dividend has come from the Arcadia fashion business...
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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...
