Sir Philip Green has taken a leading role in shaping the future of the high street during these turbulent times. In October he mounted a rescue for Icelandic investment company Baugur’s retail interests, which include Oasis, Jane Norman and Warehouse. Green’s interest in the business was genuine but it pricked the ears of private equity funds which then threw their hats into the ring.
Green’s approach looks likely to have secured the future of these brands – vital for the health of the UK high street. Since then, he has taken a 28% stake in menswear business Moss Bros, which he then sold on for a reported £1.2 million profit.
Aside from this, the “retail emperor” is at the forefront of a campaign for monthly rents to ease retailers’ cash flow difficulties and has led the way in passing on VAT cuts, all while achieving record results at his Topshop, Topman and Miss Selfridge chains. He also found time to holiday with model Kate Moss and actor Sylvester Stallone.