Profile: Sir Philip Green
Sir Philip Green
Born March 1952
Estimated Wealth ┬ú4.2billion*
Sir Philip was born in Croydon, South London where he lived until the age of 9 when his family relocated to Hampstead in the North of London. He attended the boarding school, Carmal College in Oxfordshire before leaving at the age of 15 to work for a shoe importer. His first steps into business began off the back of a ┬ú20,000 loan which he invested into importing jeans from the Far East before selling them onto London retailers.
Green recognised the potential of the discount retail market becoming the chairman and CEO of Amber Day prior to purchasing department store chain Owen and Owen. In 1995 he invested into a takeover of sports retailer Olympus Sports, resulting with Green reportedly earning ┬ú73million when his share was sold to JJB Sports 3 years later.
Whilst ┬ú73million was a handsome return, it was soon overshadowed by the success of GreenΓÇÖs involvement with department store British Home Stores. Philip and his wife purchased the chain for ┬ú200m and transformed the ailing stores into having a current estimated value exceeding ┬ú1 billion.
However, Philip didnΓÇÖt stop there, and his involvement in his wifeΓÇÖs purchase of Arcadia Group, the company that oversees high-street stores such as Topshop, Burton and Dorothy Perkins, further propelled his familyΓÇÖs wealth, with the chain generating a profit of nearly ┬ú300m last year alone.
The Arcadia Group head office is based in W1, in the West End of Central London, one of the prime locations for prestigious office space. With London considered as one of the worldΓÇÖs traditional ΓÇÿfashion capitalsΓÇÖ, whilst also recognised as a leading business city, it offers the perfect location for Green to oversee his business empire.
If you fancied sharing the same office location check out officebroker.comΓÇÖs W1 offices.
Something you perhaps didnΓÇÖt knowΓÇª
Philip isnΓÇÖt shy when it comes to spending money either, ┬ú4m for a 3 day event celebrating his son’s Bar Mitzvah, in addition to a private jet and solid gold monopoly set are some of the extravagances GreenΓÇÖs wealth affords.
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*Sunday Times Rich List 2011 ΓÇô Combined Wealth of Sir Philip and Lady Green