He failed to save his retail chain but cannot plead poverty when it comes to saving staff pensions
Sir Philip Green is exiting with barely a whimper. There’s still time for him to fire a volley of abuse or two at his detractors, but at this stage it would feel like going through the motions. Green has been a diminished business figure for years and his failure to save Arcadia has surprised nobody.
His mistake was not selling the business a decade ago when the Topshop brand still had Kate Moss and co in tow. The arch-dealmaker never did that deal, though, seemingly not wanting to believe Arcadia was falling in value as he starved it of investment.
