Billionaire Arcadia Owner Philip Green Sells Topshop Stake to Leonard Green & Partners LP


Customers make their way towards the Topman department inside a... News PhotoBusiness,Clothing,Corporate Business,Customer,Economy,England,Environment,Europe,Fashion,Fashion Model,Finance,Home Finances,London - England,Oxford Street,Retail,Shopping,Store,Topshop - Retailer,Topshop Topman,UK,VerticalPhotographer Collection: Bloomberg 2012 BloombergCustomers make their way towards the Topman department inside a Topshop store, owned by Arcadia Group Ltd., on Oxford Street in London, U.K., on Thursday, Dec. 6, 2012. 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). Photographer: Simon Dawson/Bloomberg via Getty Images