Green: ‘I am worth £1bn pay’ October 21, 2005 Philip Green defended his stunning £1.2bn dividend payment from Arcadia Group telling City A.M: “Venture capitalists would take much more.” In a day dominated by retail news, Green earned the biggest headlines. Arcadia — which owns Top Shop, Dorothy Perkins, Wallis, Etam and Miss Selfridge — reported a 6.8 per cent rise in sales to [...]
On top of the world October 21, 2005 Retail may be struggling, but Philip Green has just taken a £1bn dividend. Is he embarrassed? Not much. Displaying the timing for which he has become famous, retail entrepreneur Philip Green paid himself a whopping £1.2bn dividend from his retail chain Arcadia. At a time when retailers nationwide are struggling, Arcadia announced a 10.1 per [...]