Connect with us

Hi, what are you looking for?

Jewish Business News


The £5 billion fortune of the couple who sold BHS for £1

BHS was driven to the wall by falling sales, changing shopping habits and a financial black hole

Monaco Royal Wedding - The Religious Wedding Ceremony


In 2000 Sir Philip Green’s Arcadia Group, which owns Top Shop, Dorothy Perkins, Wallis, Miss Selfridge and Burton, bought BHS for £200 million.

Three years later, His wife, Lady Tina Green scored nice income, a £40 million dividend.  Two years after, in 2005,  she got herself £1.2 billion, the biggest pay cheque in British corporate history. According to Mirror,  this sum was a repaid loan which was four times the company’s profits for that year.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

The Mirror added Tina got the cash because she owns 92 percent of Arcadia shares through a company registered in Jersey called Taveta Investments.

While Sir Philip is registered for tax purposes in the UK, his wife is registered in Monaco.

In 2015 Sir Philip sold BHS, saying: “The business is handed over in a sound financial position with significant cash balances and banking facilities in place.”

The firm and its 164 stores were sold for just £1.

Today BHS has been put into administration, driven to the wall by falling sales, changing shopping habits and a £1.6bn black hole, including a £571m pensions shortfall.

Read the full story at The Mirror, by FLEET STREET FOX


READ MORE: Philip Green

Beyoncé Knowles,   Sir Philip Green and Cara Delevingne attend the Topshop Topman New York City flagship

British Billionaire retail boss Sir Philip Green is launching a new 50-50 sports and streetwear venture with singer Beyoncé in April 2016. Queen B and The British high street giant have created Parkwood More…

Sir Philip Green

In a tough environment for retailers, Sir Philip Green who owns BHS stores under the umbrella of the Aracadia Group announced early in the year that he was contemplating a major restructuring. Closes source to More…

Sir Philip Green

It doesn’t come as a surprise that Sir Philip Green, who owns Arcadia Group, wants to sell BHS, but the question is, will there be a buyer? In a difficult environment for British retailers, with cut throat More…

British Fashion Awards - Red Carpet Arrivals

Sir Philip Green, Great Britain’s 16th richest man, may be selling off BHS Group, which he bought in 2000, because of the company’s continued losses, as reported by the BBC. BHS, whose brands include More…

British Fashion Awards - Red Carpet Arrivals

Shares of MySale, an Australian-based company that sells heavily discounted fashions, tumbled after management gave a profit warning on slower sales in Australia, as reported by the Financial Times. Sir Philip More…

Topshop ,  Philip Green / Getty

–   Sir Philip Green’s Arcadia has seen sales increase but profits fall, according to the Telegraph. Increasing competition and the changing environment for retail were factors identified by Sir Green More…

Topshop ,  Philip Green / Getty

UK retailing tycoon Sir Philip Green took a 25% interest in the Australian online, discount fashion, flash sales site MySale a month ago, through his wife, Tina Green’s, offshore investment



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.