Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 266.10
Bid: 265.70
Ask: 265.80
Change: 5.00 (1.91%)
Spread: 0.10 (0.038%)
Open: 263.70
High: 266.10
Low: 262.30
Prev. Close: 261.10
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TIMELINE-The rise and fall of Philip Green's retail empire

Mon, 30th Nov 2020 20:47

By James Davey

LONDON, Nov 30 (Reuters) - The insolvency of tycoon Philip
Green's Arcadia fashion group marks a dismal end to a remarkable
career in the retail sector.

Arcadia owns the Topshop, Topman, Dorothy Perkins, Wallis,
Miss Selfridge, Evans, Burton and Outfit brands, trading from
444 leased stores in UK and 22 overseas. It employs about
13,000.

Here is a timeline of Green's ownership of Arcadia:

2002

Green buys Arcadia for 850 million pounds, adding it to the
BHS department store chain he paid 200 million pounds for in
2000.

2004

In a bitter battle, Green tries and fails for a second time
to buy Marks & Spencer.

2005

Arcadia takes on more debt and pays Green's wife Tina, the
group's ultimate owner, a 1.2 billion pound dividend - one of
the biggest payments in British corporate history.

2006

Monaco-based Green is knighted by the Queen for services to
the retail industry.

APRIL 2009

Topshop enters the United States with a first store in New
York.

OCT 2009

Arcadia reports a pretax profit of 214 million pounds for
the 2008-9 year.

AUG 2010

Prime Minister David Cameron commissions Green to report on
cost savings in government.

DEC 2012

Green sells a 25% stake in Topshop and Topman to U.S.
private equity firm Leonard Green & Partners for 350 million
pounds.

MARCH 2015

BHS is sold by Green to a collection of little-known
investors for a nominal sum of one pound.

APRIL 2016

BHS (no longer under Green's ownership) collapses into
administration with a 571 million pounds hole in its pension
fund. Some 11,000 jobs are lost.

JULY 2016

A report by British lawmakers says Green's greed and
disregard for corporate governance led to the demise of BHS. He
is labelled "the unacceptable face of capitalism" and there are
calls for him to be stripped of his knighthood. Green said the
report was "the predetermined and inaccurate output of a biased
and unfair process."

FEB 2017

Green agrees to pay 363 million pounds to the pension
schemes of BHS.

OCT 2018

Green is named in Britain's parliament as having taken legal
action to try to prevent publication of allegations of sexual
harassment and racist behaviour. He denies the allegations.

NOV 2018

Green relinquishes his stake in a gymwear venture he founded
with U.S. pop icon Beyoncé. The singer acquired 100% of the Ivy
Park fitness clothing brand she had launched in 2016 with Green.
Financial terms were not disclosed.

JUNE 2019

Arcadia staves off administration as creditors narrowly
approve Green's sweetened restructuring plan.

The restructuring closes stores, cuts rents and makes
changes to the funding of the group's pension schemes.

SEPT 2019

Arcadia reports an after-tax loss of 169 million pounds for
the 2017-18 year.

NOV 2020

Arcadia enters administration.

(Reporting by James Davey; editing by Carmel Crimmins)

More News
16 Jan 2024 12:00

Britain's Ocado Retail pauses new sites for two to three years

Hatfield site closed in 2023, Luton opened

*

Read more
16 Jan 2024 09:08

Britain's Ocado Retail won't open new sites in next 2 to 3 years -CEO

LONDON, Jan 16 (Reuters) - British online supermarket Ocado Retail is currently operating at about 75% of its capacity and does not expect to open any new robotic warehouses in the UK for two to three years, its boss said on Tuesday.

Read more
16 Jan 2024 08:50

Ocado Retail CEO: Red Sea disruption impact will be minimal

LONDON, Jan 16 (Reuters) - The chief executive of Ocado Retail said she is not expecting to see much impact on the British online supermarket from disruption to shipping in the Red Sea.

Read more
16 Jan 2024 08:26

Britain's Ocado Retail returns to positive earnings in 2022/23 year

Q4 2022/23 revenue up 10.9%

*

Read more
16 Jan 2024 07:09

Britain's Ocado Retail returns to positive earnings in 2022/23 year

LONDON, Jan 16 (Reuters) - British online supermarket Ocado Retail said on Tuesday it would meet its forecast of a return to positive earnings for its full 2022/23 year after reporting fourth quarter to Nov. 26 revenue growth of 10.9%.

Read more
12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
11 Jan 2024 17:24

European shares fall as hot U.S. inflation data rains on rate-cut hopes

WPP down after UBS downgrade

*

Read more
11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

*

Read more
11 Jan 2024 16:53

LONDON MARKET CLOSE: Stocks lower on hotter-than-expected US inflation

(Alliance News) - Stock prices in London closed lower on Thursday, after US rate cut expectations suffered a setback following some hotter-than-expected inflation data.

Read more
11 Jan 2024 16:34

London close: Stocks fall as US inflation comes in hot

(Sharecast News) - London's stock markets closed in the red on Thursday, reversing earlier gains after US consumer inflation came in hotter than expected.

Read more
11 Jan 2024 12:02

Partying Britons boost Tesco and M&S at Christmas but cautious for new year

LONDON, Jan 11 (Reuters) - Britons splashed out on premium and party food at Tesco and Marks & Spencer over Christmas, prioritising treats at home over eating out, and favouring the biggest retailers for their festive spending in still tough economic conditions.

Read more
11 Jan 2024 12:00

LONDON MARKET MIDDAY: Stocks level out as US inflation nerves kick in

(Alliance News) - Upbeat morning trade for European markets gave way to caution by midday on Thursday, as investors look to a make-or-break US inflation reading, and what it could mean for the Federal Reserve interest rate outlook.

Read more
11 Jan 2024 09:44

Tesco raises profit outlook again after strong Christmas sales

6 weeks to Jan 6 UK like-for-like sales up 6.8%

*

Read more
11 Jan 2024 08:40

LONDON MARKET OPEN: Stocks in the green; M&S slides as Tesco edges up

(Alliance News) - Stock prices in London climbed at Thursday's market open, with investors feeling hopeful ahead of US inflation data, and considering Christmas updates from grocery companies.

Read more
11 Jan 2024 07:41

LONDON BRIEFING: M&S reports strong sales momentum; Tesco ups guidance

(Alliance News) - Stocks in London are tipped for a strong start on Thursday, as global equity markets benefit from optimism ahead of the US inflation print later in the day.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.