"In 2005, the banks that had backed the Arcadia bid agreed to issue new loans. That refinancing, combined with Green’s retail nous and cost-cutting abilities, generated a £1.2bn dividend for Tina. As a Monaco resident, she paid no tax in the UK. The following year, Green was awarded a knighthood for services to retailing during Tony Blair’s administration. "
Source: Interview: Philip Green - FT.com (may require subscription)
Fast forward:
BHS sold for £1 – Sir Philip Green announces disposal of loss-making chain | Business | The Guardian
BHS pension gap 'wider than thought' - BBC News
More than a third of 8.4m BHS loan went to four directors | Business | The Guardian
Creditors face losing shirts if BHS fails
Source: Interview: Philip Green - FT.com (may require subscription)
Fast forward:
BHS sold for £1 – Sir Philip Green announces disposal of loss-making chain | Business | The Guardian
BHS pension gap 'wider than thought' - BBC News
More than a third of 8.4m BHS loan went to four directors | Business | The Guardian
Creditors face losing shirts if BHS fails
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