Green ditches dividend amid falling Arcadia profits. By Dan Martin
Billionaire retailer Sir Philip Green will not take his usual bumper dividend this year after his fashion business saw pre-tax profits fall by 20%.
Results released by the Arcadia group, which includes Top Shop, Burton, Dorothy Perkins and Miss Selfridge, showed pre-tax profits dropped from £253m to £202.4m in the year to September.
The decline was a consequence of disappointing sales figures for the company.