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1952 Philip Green was born in Croydon, south London, the second child of Alma and Simon Green. Her father, a household appliance dealer, died when Philip was 12.
1961 Green attends Carmel College, a now defunct boarding school.
1968 Green leaves school without an O level. Within a year, he finds a job at a family friend’s wholesale shoe importing business in east London. He later buys clothes from bankrupt retailers and sells them for profit.
1980 Green is opening discount stores in Mayfair, one of which is called Bond Street Bandit.
1985 Green meets Christina Palos, who at the time runs a boutique in Knightsbridge and is married, at a party. They married in 1990.
1988 Philip Green is hired to head Amber Day, a publicly traded menswear retailer.
1992 Green leaves Amber Day after missing her profit targets. His wife’s shop went bankrupt the same year.
1999 Green is working with the Barclay brothers, now owners of the Daily Telegraph, to buy Sears, which owns the Miss Selfridge, Wallis and Warehouse brands. He’s also making his first failed bid for Marks & Spencer.
2000 Continuing the wave of negotiations – aided by a network of investment bank contacts – Green is buying department store chain BHS for £ 200million.
2002 Philip Green’s Taveta Investments buys the Arcadia group for £ 770million.
2004 Green is making a second offer on Marks & Spencer, worth £ 9.1 billion. It is rejected by the shareholders of M&S. “We’ll see who the better retailer is,” says Green.
2005 Arcadia is paying a dividend of £ 1.2bn – the largest single payment in the history of the UK company – to Green’s wife Tina, who owns the company. She does not pay any UK tax on this as she resides in Monaco.
2006 Philip Green is knighted over Tony Blair’s endorsement for retail services. Approaching the height of his powers, he signs an agreement with Kate Moss to design collections for Topshop and plans an expansion in the United States.
2007 Philip and Tina Green’s wealth peaks at £ 4.9 billion, according to the Sunday Times’ rich list.
2010 The new Prime Minister, David Cameron, hires Philip Green as his “efficiency czar”, with the mission to examine ways to reduce overspending.
2012 The Greens are spending millions on a lavish Philip 60th birthday party, transporting guests to Mexico to be entertained by Stevie Wonder, Robbie Williams and the Beach Boys.
2015 The Greens are selling BHS to Dominic Chappell, a former racing driver and bankrupt with no retail experience, for £ 1.
2016 BHS collapsed in administration with the loss of 11,000 jobs and with a pension deficit of 571 million pounds. The Green family and other shareholders have raised at least £ 580million from the chain upon their ownership. Later in the year, MPs symbolically vote to strip Green of his knighthood and call him “the unacceptable face of capitalism” in a report.
2017 Green agrees to pay £ 363million in cash to save the BHS pension fund.
2018 Green is named to parliament as the businessman who allegedly paid former employees in return for nondisclosure agreements. He was subsequently accused of making racist remarks about employees, of having groped employees and of being physically violent towards other employees. Green vigorously denies the allegations.
May 2019 Philip and Tina Green’s fortune falls below £ 1 billion, according to the rich Sunday Times list, as his stake in Arcadia becomes “worthless.”
June 2019 Philip Green agrees to pay £ 25million to Arcadia’s pension fund.
June 2019 Arcadia narrowly avoids the administration after securing creditors’ backing for a bailout deal that includes the closure of 50 stores and the loss of 1,000 jobs.
Sep 2019 Arcadia is revealing a loss of £ 177.3million for the year through September 2018 – its most recent public earnings statement – including half a billion pounds lost at Topshop.
March 2020 The coronavirus pandemic is hitting. Arcadia is closing all of its stores across the UK as the first nationwide lockdown begins. In April, Green puts 14,500 employees into the government’s job retention program, which supports the wages of workers on leave.
July 2020 Arcadia announces 500 management job cuts as it tries to cut costs.
November 2020 Arcadia enters the administration.
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