Hobnobbing with Kate Moss and sailing on superyachts has been a drain on Sir Philip Green’s financesThirteen thousand shop workers, ten thousand pensioners and hundreds of small business owners in the supply chain — the collapse of Sir Philip Green’s fashion empire will unleash a wave of misery across the retail industry, just as it prepares to reopen shops and salvage something from the crucial Christmas period. In Westminster and the court of public opinion, there is little question that Sir Philip has a moral duty to cushion the blow for all those who will suffer from Arcadia’s demise. The tycoon’s shoulders are burly enough to bear most of the pain, say critics, who point to his superyacht lifestyle and his predilection for spraying around champagne like a Formula One winner. Sir Philip gave his wife Tina, a tax exile based in Monaco, a £1.2 billion dividend in 2005 REX FEATURESIt remains to be seen whether Britain’s best-known rag

Source: The Times November 30, 2020 17:15 UTC