Sir Philip Green, whose retail empire includes apparel chains
TopShop, Burton, and
Dorothy Perkins, is the ninth richest person in
the UK according to the Sunday Times Rich List 2010. His fortune has
an annual growth rate of £228.1 million, and the retail
tycoon is worth approximately £4.11 billion. For this year’s
top ten list and related charts click here.
The directors of Farepak, the hamper company
that collapsed in 2006, leaving thousands of customers out of
pocket by an average of £400, have been ordered to pay
compensation out of their own pockets. Liquidator BDO Stoy
Hayward has secured £4 million from directors of the
company, “meaning those who lost money will receive bigger
payouts” explains the
Guardian. However, the newspaper notes that this settlement
is just a fraction of the £38 million lost by some 150,000
families.
International sales at Amazon, representing the
company’s UK, German, Japanese, French, and Chinese websites,
were up 45 percent to $3.35 billion (£2.18 billion) in the
first quarter 2010 compared with the same period last year.
Excluding the favourable impact from year-over-year changes in
foreign exchange rates during the quarter, sales grew 37
percent.
A manager in The White Company‘s St Albans store
has been given a suspended sentence after it emerged that she
stole more than £7,000 to pay for her sister’s wedding,
reports the St Albans and Harpenden review.
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