Spot on.That was kind of my point. Successful businessman read the tea leaves and get out while they can. If anything, that was a decade of more ago for Arcadia.
He could have wound down the retail side and built an e-commerce business. He could have embraced ethical fashion. He could have rebranded moribund names like Burton and Dorothy Perkins. He could have founded something new.
Instead he took a big early pay check when he bought already dead brands and sweated them way after they had any intrinsic value. An East End barrow boy done good.
It’s worth commenting that in the same period that Green sweated Arcadia, others have built global, aspirational brands. Meanwhile there are no British retail brands with an international presence.