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Sir Philip Green refuted suggestions that the retail empire Arcadia nearly collapsed in an animated BBC interview.
On Wednesday, Arcadia's Green group – including Topshop, Miss Selfridge, Burton, Dorothy Perkins and Wallis – was rescued from the administration after the owners voted in favor of a turnaround plan for a reduction in rents and closure. about fifty stores.
Sir Philip suffered the backlash from the owners, after the owner of the Intu shopping center, who considers Arcadia a tenant in 35 of his stores, refused to accept rent reductions of 25 to 50%.
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Despite suggestions that the decision was made at the "cutting edge", the Topshop billionaire rejected the idea that the Topshop group was about to go bankrupt.
S addressing the BBC, Sir Philip said, "This has not nearly collapsed. We won the vote. It was a legitimate vote, and it was won.
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"Many more owners have clearly voted yes than no. If a landlord wants to make a lot of noise, it's his choice. "
While Sir Philip stated that this decision was a cause for celebration for Arcadia's workforce and supply chain, he acknowledged that the retail landscape had changed and that it had been changed. slow to react.
"Some companies have announced the closure of 100 stores … everyone knows that the market has changed," Green said.
"The market has changed forever – people want a different kind of service. Would we have seen that three or four years ago – maybe. But now we have to continue the work. "
Sir Philip added that his suppliers trusted him: they continued to deliver their stocks to the stores when the company nearly spoiled and accused the press of creating public mistrust of the company.
"Because you make them all jealous, that's why – it's pretty basic," he told reporters.
"They do not like people who can write checks."
Over the years, Sir Philip and his family have made significant sums of money in the Arcadia group, including a dividend of £ 1.2 billion in 2005, the biggest British paycheque never realized.
As a result, critics said that he could have contributed more money to the troubled sector.
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Sir Philip's reputation was also damaged by the collapse of BHS in 2016, which resulted in the loss of 11,000 jobs.
The mogul was criticized for his attitude towards the retailer and finally agreed to pay £ 363 million of his own money into his pension fund.
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