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How the king of the high street Philip Green lost his crown


How the king of the high street Philip Green lost his crown
Philip Green once dismissed Asos as a digital upstart - but it went on to buy his Topshop empire for a knock-down price last month
5 March 2021 • 6:00am
How a generation of retail heavyweights have lost their empires this year
Credit: Rex
Boob tubes, cowboy boots, the lemon one-shoulder dress from the first Topshop/Kate Moss collection in 2007… these are not the first items you would look to for an unfolding Greek tragedy. But what is hubris writ large, if it is not Sir Philip Green impatiently batting away my question about what he thought of Asos with one of his habitual ‘tsks’? This would have been in 2009, when Topshop still ruled the high street, loved by everyone from 15-year-olds to fashion editors. The Oxford Circus flagship alone was valued at £400-500 million, and there were a further 70 or so branches nationwide. fashion websites like Asos, which launched in 2000, were still perceiv ....

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