It seems that Sir Philip Green’s troubles are far from over, with the news that Topshop trading director James Mooney is exiting the business.
As Retail Week revealed today, Mooney is the latest departure from Green’s high street empire.
He follows Topshop boss Mary Homer and Evans boss Fiona Ross out the door.
Today isn’t a good day for Green, as it’s also the one-year anniversary of BHS entering administration, an event which culminated in him paying £363m into the failed department store chain’s pension black hole.
Also today, Carpetright sales have risen despite tough market conditions, Clarks has cuts roles at its Somerset headquarters and Arcadia has launched its first Outfit on the high street in a former BHS.
Quote of the day
“I strongly object to your vindictive behaviour in using me as your political football.”
– Sir Philip Green to chair of the work and pensions select committee Frank Field MP
Today in numbers
The rise in Carpetright’s UK like-for-likes
The approximate number of roles that Clarks is cutting at its Street headquarters
It’s a busy day for fashion etail tomorrow, as Boohoo duo Carol Kane and Mahmud Kamani update the market with their full-year results.
Becky Waller-Davies, fashion reporter