Billionaire Green Sells 25% Topshop Stake

Billionaire Green Sells 25% Topshop Stake Play

Philip Green, the billionaire owner of the Arcadia fashion business, sold a 25 percent stake in the Topshop and Topman retail chains to Leonard Green & Partners LP, the co-owner of the J Crew fashion brand, in a deal valuing the businesses at 2 billion pounds ($3.2 billion).

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