The race to be the least popular businessman called Philip Green — the one with the least admirable legacy — has always been competitive. Lately, the less famous Philip Green (the Mr not the Sir) is well ahead. This week it emerged that profits at the retail empire run by the man who is still Sir Philip fell 42% to £124 million. The TopShop chain remains a going concern though, to say the least. It has sales of £2 billion. It owns half of Oxford Street. Sir Philip was dubbed the “unacceptable face of capitalism” by MPs including Frank Field for the nasty business over at BHS, which collapsed with holes in its pension fund. Sir Philip has recently complained that he behaved correctly, telling the Mail on Sunday that having written a cheque for £363 million he didn’t deserve vilification. “Nobody has ever said, ‘This man behaved like a gentleman, his family behaved properly’.” In terms of PR, Sir Philip might be his own … [Read more...] about Simon English: Who’s the worst Philip Green that ever you’ve seen?
Profits at Sir Philip Green’s retail empire have plummeted 42pc as the group axed more than 40 stores in the face of the brutal conditions on the high street. Taveta Investments, the company behind Topshop-owner Arcadia, booked operating profits before goodwill, amortisation and exceptional items of £124.1m for the year to August 26, 2017. This was down from £215.2m for the year before. Sales also came under pressure, sliding 5.6pc to £1.91bn, as the firm grappled with the “highly competitive and challenging” retail environment. The group closed 41 shops when leases came up for renewal during the period, while negotiating a rent cut on a further 25. Its total store estate including concessions is around 2,800 worldwide. Taveta Investments owns the Arcadia group of fashion brands, including Topman, Topshop, Burton Menswear, Dorothy Perkins, Evans, Miss Selfridge, Outfit and Wallis. Ian Grabiner, the chief executive of Taveta, said … [Read more...] about Sir Philip Green’s retail empire suffers 42pc profits slump and closes stores
Sir Philip Green's retail empire has reported a 42% drop in profits for its last financial year, before pressure on high street retailers gathered momentum. Taveta Investments, home to the Arcadia group of brands including Topshop, Dorothy Perkins, and Burton, said it made operating profits before goodwill, amortisation and exceptional items of £124.1m in the year to 26 August 2017.Total sales fell 5.6% on the previous 12 months to just over £1.9bn.The group, which is not listed on the stock market and therefore not obliged to file reports on its progress quarterly, once included BHS in its stable but for its controversial sale in 2015 for £1. The chain's collapse a year later, amid stinging criticism from MPs, prompted Sir Philip to contribute £363m of his own money to help plug pension scheme shortfalls.Taveta's chairman of 15 years has since left to be replaced by Baroness Karren Brady, the chief executive of West Ham United and assistant to Lord Sugar in TV's … [Read more...] about Sir Philip Green’s retail empire reports 42% drop in profits
The Manila Stars are tipped to make an immediate impact in the coming Maharlika Pilipinas Basketball League (MPBL) with a roster of former PBA pros in their fold. Roger Yap, Joseph Yeo, Larry Rodriguez, Reil Cervantes and Jerwin Gaco will banner the squad to be coached by PBA all-time great Philip Cezar. Now 40 years old, the 6-foot Yap was a former MVP of the defunct Philippine Basketball League, while the 6-1 Yeo is a hard-nosed defender who last played for Meralco in the PBA. Rodriguez stands 6-foot-5, Cervantes 6-foot-4 and Gaco a shade over 6-foot-3 will man the shaded lane. The Stars of team owner Roman Ang aren’t going to be an old man’s squad, however. Cezar also tapped the services of younger talents such as 5-foot-11 guard Chris Bitoon of National Association of Schools, Colleges, and Universities (NAASCU) 3-time champion St. Claire, and Ken Acibar, a 6-foot-4 forward from University of the East. Despite stronger rosters of the 15 new teams and the buildup of the … [Read more...] about MPBL: Philip Cezar-coached Manila Stars studded with veterans
DUBLIN--(BUSINESS WIRE)--May 11, 2018--The "Philips' Survey Highlights Gaps in Perceptions of Health Care" report has been added to ResearchAndMarkets.com's offering.Connected care technologies play an important role in disease prevention, but are still not used as widely as they should be. Philips' second Future Health Index study surveyed 33,000 participants in 19 countries to compare perceptions and experiences of healthcare users across three areas - access to care, integration of health systems and adoption of connected care technologies.Connected care technologies are critical for improving the prevention of medical issues but are not being fully capitalized according to findings from Philips Healthcare's second annual Future Health Index (FHI). Nearly three quarters of healthcare professionals (73%) and the general population (72%) who were polled in this global survey agreed that connected care technology is important but nearly as many healthcare professionals (63%) said the … [Read more...] about Philips’ Survey Highlights Gaps in Perceptions of Health Care