For years, Sir Philip Green was feted as a high street colossus, advising David Cameron on public sector waste during his period as prime minister. Previous NextMike Ashley is offering a £50 million lifeline to keep Arcadia Group afloat amid a looming tussle between the high street's biggest beasts for control of Sir Philip Green's TopShop empire. Sir Philip is said to be unlikely to seek to buy back any of Arcadia's trading operations from administrators. BHS collapsed just a year after that deal, sparking a bitter row about Sir Philip's responsibilities towards its pensioners. Sir Philip's miserable period has not been restricted to the performance of his business interests.

Source: The Standard November 29, 2020 15:45 UTC