Sir Philip Green has conveyed thanks to the landlords and suppliers who supported the agreement which saved his retail empire. He defended investing several hundred million pounds of his own money into Arcadia for keeping it afloat, claiming it had impeded “an ugly car crash”.
He also added, “you don’t want to see… all the people out of work when you could have assisted to rescue the business. ”
He admitted that the retail landscape had changed entirely and that he had been slow-moving for a reaction. He also included, “ the marketplace has changed forever – people want a different kind of service. Should we have seen that three or four years ago – maybe? But now we need to get on with the job”.
Arcadia, whose trademarks also include Topman, Dorothy Perkins, and Wallis, is scarcely the first high street operator for suffering in latest years, but one time statue of Sir Philip Green as “King of the High Street ”, a dashing lifestyle along with a series of allegations of tribal and sexual harassment have distinguished him out for specific attention.
Sir Philip claimed that it was a selection to the number of his suppliers trusted him that the resumed for delivery of stock to the stores while the company gazed on the starting of administration. He also told, “because you lot make them all… jealous, that’s why – it’s pretty basic. They don’t like people who can write cheques. ”
Sir Philip Philip paid personally £363m into the pension scheme if BHS after the company traded for the collapse of £1. In recent years, he suffered from spoiling his business. He also added, “ people who know me know that’s not my style – why would I want to do that.”
The empire if Sir Philip is reduced. Fifty out of 566 stores are to adjacent and there may be more – but it is still undamaged. A huge consolation for his workers.