|
|
|
|
|
|
|
|
|
Other authors named Philip:
|
|
|
|
Author's popularity: -2
Vote:  
|
If you like or dislike this author in general or one or more of their quotes in particular, please give us your feedback by clicking on the icon to vote for, or the icon to vote against them.
|
|
Popularity: 5
Vote: | I am brave, but I take a view. It is an educated view. I am careful. I am not reckless. |
Popularity: 4
Vote: | I could have closed down bits of British Home Stores to make more money but it's not my style. I want to make my money as a retailer, not by putting people out of work. |
Popularity: 5
Vote: | It's all about quality of life and finding a happy balance between work and friends and family. |
Popularity: 6
Vote: | You've got to love what you do to really make things happen. |
|
Biography
|
Philip Green is a British billionaire businessman who owns some of the United Kingdom's largest retailers including British Home Stores, and the Arcadia Group. He has also made two unsuccessful takeover bids for Marks and Spencer, an icon of British retailing.
Philip Green was born March 15, 1952 in Croydon, in South London. When his father died at the age of twelve, Philip was in line to inherit the family business. He made his first million by buying a jeans retailer for £65,000 and selling it for £3 million. In 1999, he made a £560 million bid for the Sears retail group, which he later broke up and sold, making £150 million.
Philip Green first shot to fame in 1999 when he attempted to make a £7 billion hostile bid for Marks and Spencer. However the leaking of the bid forced up M&S's share price. The board of M&S were also hostile to the bid and sought to block it. Eventually Green gave up and purchased the British Home Stores chain for £200 million. Green turned BHS around, and the chain is now thought to be worth £1 billion. The purchase of Arcadia Group, which owns such chains as Top Shop and Wallis in 2002, makes Green's empire the second largest clothes retailer in the UK after Marks and Spencer.
In 2004, Philip Green re-launched his Marks and Spencer bid, with £8 billion of cash available. On July 15 the same year, Green announced through his holding company Revival Acquisitions Limited the withdrawal of the offer to acquire M&S.
"British retail billionaire Philip Green has hired chart-topping R&B group Destiny's Child to perform at his son's bar mitzvah. The stars are set to entertain guests at the three-day event on the French Riviera estimated to have cost the Bhs and Top Shop boss £4m ($7.4m) ... Mr Green, who lives in nearby Monaco, has built up a fortune of more than £3bn." BBC 14 May, 2005
External links and references *Forbes.com: Forbes World's Richest People
...(more on Wikipedia)
|
|
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Philip Green".
|
|
|