Topshop Philip Green considers selling Arcadia to Chinese textiles giant Shandong Ruyi looks over books of retail group, thought likely to fetch half its £1bn valuation Philip Green and the model Kate Moss at a fashion show. Photograph: David Benett/GettySir Philip Green is thought to be considering the sale of his Topshop-to-Burton empire Arcadia as a Chinese textiles giant reportedly looks over its books. That valuation is based on the likely cost of winding up the scheme and securing benefits with an insurer. The issue is a delicate one for Green, who last year paid £363m to resolve the pension deficit at BHS after months of bruising public criticism over his handling of the matter. It is not clear if Green plans to include Topshop and Topman in any sale.

Source: The Guardian February 18, 2018 17:19 UTC