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Aggressive cost-cutting rapidly improved Arcadia’s profitability, allowing it to pay a £1.2bn tax-free dividend to the Green family. However, Sir Philip’s buccaneering reputation was ...
Nov 30, 2020 · 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.
- Jonathan Eley
The £1.3bn payout includes a £460m dividend Mr Green announced last year but did not pay. A spokesman said the loan was easily affordable, with the interest covered "seven or eight times"....
Feb 13, 2021 · Green bought Arcadia Group for £850m in 2002 and banked a £1.2bn dividend three years later, which remains one of the biggest pay cheques in corporate history, leaving the company with less...
By Bryce Elder. Thursday October 20 2005, 1.00am, The Times. Philip Green has paid himself a £1.2 billion dividend - equivalent to almost four times annual operating profits at Arcadia...
Nov 30, 2020 · He and his wife Lady Green are worth an estimated £930m, according to the Sunday Times Rich List. Much of that wealth comes from when Sir Philip in 2005 paid himself £1.2bn in dividends from...
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Jun 14, 2019 · However, it did generate substantial dividend income during more prosperous times — most notably in 2005, the year Arcadia paid out £1.3bn to the Greens and other shareholders.
