Philip Green has made a fortune out of his shopping empire Arcadia – but now he is leaving 15,000 workers to pay the price for its collapse.
The company – which owns high street shops Topshop, Burton, Dorothy Perkins and more – has gone bust, with a £350 million black hole in its pension scheme.
Yet Philip Green previously paid himself and his family a £1.2 billion dividend from Arcadia – the biggest payout in British corporate history.
This fits a pattern – he extracted over £500 million from BHS before abandoning it to bankruptcy. An MPs’ committee called it “systematic plunder”.
Philip Green now spends his days on a £100 million super-yacht named ‘Lionheart’, in tax haven Monaco.
In May, a company controlled by his wife Tina received £50 million from the administrators of Topshop – but the workers are still waiting for their fair share.
How can it be right that they retire in luxury, while shop workers stand to lose their jobs and up to a quarter of their pensions?
The government should step in to force Green to pay back the money he took from Arcadia workers.
I work at Dorothy Perkins and I’m upset for my colleagues who will not get their full pension whilst he lazes on his yacht in Monaco. Rat deserting a sinking ship!Lynne, Coventry
This is the SECOND time Philip Green has bought up a business, taken huge quantities of money out of it for his family and left the workers with their pensions in danger. He is a national danger and should clearly be made (at the very least) to cover the hole in the workers’ pension fund.Erif, North London
My mother worked for Arcadia for 15 years, and this man has let her and her friends down.Louise, Glasgow
Always manages to leave a massive pension fund deficit. Make him pay every penny back into the funds. A criminal by any other name.Lynne, Northumberland
Ex-employee who saw first hand the sinking of the ship and the lack of care from higher-ups – they need to be held accountable!Beth, Essex
People like Green who exploit decent working people are the lowest of the low. He should have his yacht taken from him to be sold to fund these people’s pensions.Malcolm, Fife
My niece has worked hard for Topshop only to lose her job so this wanker can steal from it.Romeena, South London
Strip Green of his knighthood too.Kevin, Bath
This casual asset stripping of viable businesses that provide people with a livelihood by people who pay no or little tax in this country has got to stop.Sian, Gloucestershire
He is a thief. Treat him as such.Sophie, West London
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