We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedChange Management

Philip Green sells 25% of Topshop to US PE group


Deal with Leonard Green and Partners values chain at £2bn

Article comments

Clothing retail magnate Sir Philip Green has sold a 25 percent stake in his Topshop and Topman chain, to US private equity group Leonard Green and Partners.

The deal, announced on Thursday, values the two brands at £2 billion. In a statement, Green said the rest of the Arcadia group – which also owns BHS, Burton, Dorothy Perkins and Miss Selfridges – would be ring-fenced from Leonard Green and Partners' stake in in Topshop and Topman.

Green said, "This is a very exciting time. Topshop and Topman could now become major global players".

Sir Philip Green took over Arcadia Group in 2002, paying £850 million for the group. BHS was separately acquired by for £200 million in 2000.

Leonard Green and Partners has investments in a number of retail chains including brands such as J Crew and Whole Foods Market in the US.

Share:

Recommended Articles

Comments

Philip Green sells 25% of Topshop to US PE group
Change Management

Is the FTSE 350 hiding behind token women appointments?

Is the FTSE 350 hiding behind token women appointments?

There are just 16 female executives in the first five FTSE 100 companies and technology firms fare even worsemore ..


Murdoch's $80bn bid for Time Warner rejected

Murdoch's 21st Century Fox confirmed it made a takeover offer for Time Warner in Junemore ..

Microsoft CEO Nadella demands more from staff

Public criticism, looming layoffs say shape up or ship out.more ..

Microsoft CEO Nadella on culture change: 'Nothing is off the table'

"Tired traditions will be questioned," the Microsoft CEO wrote in a letter to employeesmore ..

Making multi-supplier outsourcing work

It is not enough to assign a contract and then expect the outsourcer to run with it independentlymore ..

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformationmore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *