The inevitable collapse of Arcadia is a cautionary tale for British capitalism Larry Elliott
over 3 years in The guardian
Philip Green favoured making a fast buck over investing in response to retail’s changing landscape – and he paid the price
Philip Green wasn’t much cop at capitalism. That may sound a strange way to describe a very wealthy man who lives on an ocean-going yacht moored in the tax haven of Monaco. It perhaps sounds doubly weird given that Arcadia consists of some of the best known names on the high street: Topshop, Wallis, Miss Selfridge and Dorothy Perkins among them.
Related: From fashion forward to slightly awkward: the mixed bag of Philip Green brands Continue reading...
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