Philip Green sells 25% stake in Topshop
The owner of Topshop, Sir Philip Green, has announced he is to sell a 25% stake in Topshop and Topman, for £500 million.
The buyer is the American private equity firm Leonard Green & Partners, which owns brands such as J Crew, Neiman Marcus and Whole Foods.
Neil Saunders, a Consulting Director at Conlumino, explains the significance of the deal.
06 Dec 2012
- From the section Business