Philip Green - latest news, breaking stories and comment - The Independent
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An anthology of stories which have won the Asham Award, as well as additional tales by established Virago authors, this is a book of journeys, meetings and partings, flights and homecomings.

Bidders circle Mosaic's fashion chain Principles

The womenswear retailer Principles is on the verge of being sold after its debt-laden parent company revealed it had received a number of approaches for the 361-store chain.

It's oh so quiet on the east coast of Barbados

Celebrities love this island's Platinum Coast. But the locals prefer its wilder Atlantic beaches. Now some hoteliers are catching on, too, says Ian Burrell

Baugur admits defeat as UK arm falls into administration

Baugur collapsed into administration yesterday after the stricken Icelandic investment group withdrew an attempt to block creditors in its local courts, in a move that could have major ramifications for some of the UK's biggest retailers.

For sale: the British High Street

Icelandic group with major holdings in more than 20 chains faces meltdown

Rose determined to steer 'lean and mean' M&S through crunch

Marks & Spencer boss Sir Stuart Rose has been credited with the revival of the high street giant, but has come under heavy pressure as trading turned sour during a torrid 2008.

Deborah Orr: The grim state of the high street has turned into a spectator sport

Suddenly everyone is a retail expert, happy to bang on about the minutiae of consumption’

Survival: the gift that is out of stock

Christmas trading represents the 'final throw of the dice' for some retailers, finds Simon Evans. So after Woolworths and MFI, who will be the next casualties?

Green makes a quick £1m on Moss Bros sale

Sir Philip Green has pocketed a £1m windfall by offloading his stake in the beleaguered suit company Moss Bros, just two weeks after buying it.

The retail surgeon who may be the only hope of survival for some firms

Hilco's Paul McGowan is set to be one of the new masters of the retail universe next year. James Thompson reports

Green drops plans to bid for Moss Bros

Moss Bros lost more than a third of its market value yesterday after the tycoon Sir Philip Green said he had no plans to launch a takeover bid for the menswear retailer and suit hire group.

Market Report: Rio looks grand on boost to debt position

The miner Rio Tinto traded higher in line with the wider sector yesterday amid growing confidence in the company's long-term debt position.

Margareta Pagano: Help small firms. Tax cuts won't even be a short-term fix

The Government must boost the real economy

Jeremy Warner: Downturn bites hard at Marks & Spencer

Sir Stuart Rose, chairman of Marks & Spencer, is no quitter, but he must occasionally wonder why he didn't quietly bow out earlier this year while he still had the chance. Instead, he not only incurred the wrath of shareholders by elevating himself to the executive chairmanship, but by doing so he has ensured he is still at the helm as the ship sails into the recessionary storm. Already the impact on sales and profits is brutal.

Redknapp hopes of January transfer binge put on hold

Spurs manager may have to sell players before he can bolster squad in window

Credit crisis diary: Lessons to learn from the East

Emerging markets are supposed to be racy and high-risk compared with their counterparts in the West. Still, it's a shame the good chaps at Northern Rock – or City regulators for that matter – didn't follow the example of China, where the principle of a minimum deposit for first-time homebuyers is enshrined in law. True, the minimum was reduced yesterday, from 30 to 20 per cent. But that still looks pretty low-risk compared with the deals on offer, until recently, from lenders in Britain's supposedly sophisticated market-led economy.

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