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From The Sunday Times
April 27, 2008

Sir Philip and Lady Green

Sir Philip Green, the billionaire retailer is rumoured to be looking to sell the department store chain so that he can concentrate on Top Shop

RESULTS FOR 2008
Ranking: 9
Worth: £4,330m
Source of wealth: Retailing

Green, 56, does not mince his words. Last month he described trading conditions on the high street as “horrible”. Monaco-based Green took over Bhs for £200m and within two years it was making £172m profit on £876m sales. But since 2005-06 profits have been falling. He admitted taking his eye off the ball following the £850m acquisition of Arcadia, whose brands include Topshop. We value Bhs and Arcadia together at about £2.5 billion, putting the Green family stake at nearly £2.33 billion. We add £1.6 billion for past dividends, including a £1.2 billion payment to Green’s wife Tina, 58, plus £400m for assets such as homes, yachts and the proceeds of property deals.

RESULTS FOR 2007
Ranking: 7
Worth: £4,900m
Source of wealth: Retailing

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