Sir Philip Green breaks the £1bn barrier
by Kate Pritchard - Monday, 14th July 2008 -
Industry reports paint a dire picture of demand on the high street. This month, Marks & Spencer saw a quarter of its stock-market value wiped out. ScS, a medium-size furniture retailer, and ProCook, a chain of 39 cookery shops, both went into bankruptcy. But Topshop owner Sir Philip Green is bucking the trend, with sales smashing the £1bn mark.
“The younger generation is obviously not quite ready to curb their lifestyles,” he says.
Along with the high-profile launch of Topshop and Topman in New York in October, Sir Philip plans to open 50 new stores around the world.
Sir Philip’s entrepreneurial career began at the age of 21, when he borrowed £20,000 from Barclays and began buying and selling clothes. “I don’t think I’ve got anything special. I think I am just 1,000 per cent focused on getting it right,” he says.
You can read a full profile on Sir Philip by clicking here.
Picture source
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Related tags: sales, high street, international expansion, consumer spend, topshop, sir philip green, retail, entrepreneur,
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