This past Saturday, members of the activist group UK Uncut staged protests at several Topshop locations to voice their anger at Sir Phillip Green.
The Topshop boss has been accused of tax evasion after he directly paid his wife and owner of the UK retailer's parent company Arcadia Group, over $1 billion. Since Green's wife lives in Monaco, he never had to pay UK taxes on the large sum of money.
One protester vented:
"Philip Green is a multi-billionaire tax avoider, and yet is regarded by David Cameron as an appropriate man to advise the government on austerity. His missing millions need to be reclaimed and invested into public services, not into his wife's bank account."
Phillip has maintained he pays his taxes in the UK and is doing nothing wrong.
[Image via WENN.]
Tags: arcadia group, phillip green, protests, sir phillip green, tax evasion, topshop
We don't know what to think about this.
A Topshop source has revealed that Sir Phillip Green was showing a member of the Walton family around the New York flagship store back in December.
In addition to receiving a tour from the Topshop owner, the unnamed Walton was also given a list of their best-selling items.
Now the conspiracy theories are out on what this rendezvous could mean:
1. The member of the Walmart family is an investor in Arcadia Group, the largest privately owned UK retailer group that owns both Topshop and Topman.
2. Phillip Green was looking for some advice.
3. Walmart and Topshop could be collaborating.
While all those are pretty decent ideas, we'll go ahead and throw our two cents into the ring: it was December! Maybe the Walton was looking to buy a present for a fashion forward friend or family member.
But maybe that's just too obvious.
[Image via AP Images.]
Tags: arcadia group, collaboration, sir phillip green, topman, topshop, walmart