UK ‘Apprentice’ judge Karren Brady to chair Philip Green’s firm
Taveta owns the Arcadia business, which runs fashion retailers such as Topshop, Miss Selfridge, Dorothy Perkins, Evans, Burton and Outfit
Baroness Karren Brady, the football executive who once said that “balls of steel” were the foundation of her success, is to take over as chairman of Sir Philip Green’s Arcadia Group retail empire
Karren Brady, a judge on The Apprentice TV show and chief executive of West Ham United soccer club, has been appointed by Philip Green to chair his Taveta holding company, the retail billionaire said on Monday.
Brady (48), who has been a non-executive director of Taveta since 2010, has assumed the role of non-executive chairman with immediate effect, succeeding Anthony Grabiner, who has been with the company for 15 years.
Arcadia employs over 24,000 people and has an annual turnover in excess of £2 billion (€2.3 billion ).
Green’s reputation was damaged after he was blamed by British lawmakers last year for the demise of the BHS department store chain.
He owned BHS for 15 years before he sold the loss-making retailer to Dominic Chappell, a serial bankrupt with no retail experience, for one pound in 2015.
In February, Green paid £363 million to plug a hole in BHS’s pension schemes.
However, some lawmakers still want Green to be stripped of his knighthood, awarded in 2006 for services to retail.
“It is a privilege to have been invited to chair the board and I look forward to working with my colleagues as we concentrate on driving the Arcadia brands forward on their global expansion,” said Brady.