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Tag: Green

Philip Green brings in new blood as he prepares to swing axe

Philip Green brings in new blood as he prepares to swing axe

Business
Sir Philip Green has appointed two restructuring specialists to the boards of his Arcadia retail empire as he prepares a major overhaul.Jamie Drummond Smith, chairman of finance group Cattles, becomes chairman of Topshop, Topman, Arcadia Group, and the ultimate parent company Taveta.He was previously Cattles' chief restructuring office.Peter Bloxham, ex-head of restructuring and insolvency at law firm Freshfields, is also appointed to the board.Mr Bloxham has been advising the company on its future plans. Their expertise is particularly relevant as Sir Philip is preparing to announce a big restructuring which is expected to involve a form of insolvency proceedings called a company voluntary arrangement (CVA), allowing the company to exit or reduce rental ...
Climate change: How green is your parcel?

Climate change: How green is your parcel?

Science
It's Friday lunchtime and you've found the perfect dress for that party on Saturday night but you're stuck at your desk.No problem, because after a couple of clicks, it's in your basket and on its way to your home.This is the joy of online shopping, and our love of it continues to grow.In 2017, online sales increased by 15.9% to £59.8bn in comparison with 2016, while in-store sales saw a jump of only 2.4%.But what price does getting something this fast cost the environment? Green campaigners argue our demand for getting something delivered at speed - whether it's Amazon Prime or Premier Delivery on ASOS - is adding to carbon emissions. "Transport is responsible for a huge chunk of the UK's carbo
Sir Philip Green 'paid employee £1m over harassment claims'

Sir Philip Green 'paid employee £1m over harassment claims'

Business
Sir Philip Green paid a female employee more than £1m to keep quiet after she accused him of kissing and groping her, the Daily Telegraph has reported.The paper said the senior female employee was one of five members of staff who signed gagging orders after being bullied or harassed.It reported a black male executive also received £1m after Sir Philip said he was "throwing spears in the jungle".The Topshop boss denies allegations he behaved wrongly.Lawyers representing Sir Philip told the Telegraph that he was a "passionate businessman, who can at times be over-exuberant and hot-headed" and that he could be "perceived at times as aggressive with senior and trusted staff".Sir Philip's lawyers added: "It is further denied that any of Sir Philip'...
Nick Vallelonga: Green Book writer sorry for Muslim 9/11 tweet

Nick Vallelonga: Green Book writer sorry for Muslim 9/11 tweet

Entertainment
The writer of Oscar-tipped film Green Book has apologised for a 2015 tweet in which he said he saw Muslims in New Jersey celebrating the 9/11 attacks.Nick Vallelonga tweeted his support for Donald Trump, who said he had seen "thousands and thousands" cheering - a claim that's been widely discredited.Vallelonga wrote that Mr Trump was "100% correct", but has now said sorry "for the hurt I have caused".He won a Golden Globe Award on Sunday, and the Oscars are now six weeks away.Trump 'wrong' on 9/11 cheering claimsVallelonga wrote Green Book about the story of his father Tony Lip, who drove black concert pianist Don Shirley through the US Deep South amid the racism of the 1960s. ...