Business

British tycoon Green named over alleged sexual harassment

LONDON (Reuters) – Retail billionaire Philip Green, considered one of Britain’s most outstanding businessmen, was named in parliament on Thursday as having taken authorized motion to attempt to stop publication of allegations of sexual harassment in opposition to him.

FILE PHOTO: British billionaire and CEO of the Arcadia Group Philip Green smiles as he attends the opening ceremony of a Topshop flagship retailer in Hong Kong June 6, 2013. REUTERS/Bobby Yip/File Photo

The Telegraph newspaper mentioned on Wednesday main businessmen had been granted an injunction by a British choose stopping it from figuring out him and publishing particulars of alleged sexual harassment and racial abuse of workers.

In an announcement, Green denied having damaged the legislation and mentioned his companies totally investigated worker grievances.

“To the extent that it is suggested that I have been guilty of unlawful sexual or racist behavior, I categorically and wholly deny these allegations,” he mentioned in an announcement issued by a media consultant.

The case has been solid within the British media for example of highly effective males utilizing cash and attorneys to cowl up allegations of sexual harassment.

Labour politician Peter Hain used a speech within the higher home of the British parliament, the House of Lords, to call Green. Under Britain’s system of parliamentary privilege, members can communicate freely and their feedback will be reported by the media.

“I feel it’s my duty under parliamentary privilege to name Philip Green as the individual in question,” Hain mentioned.

Sir Philip Green attends the TopShop Spring/Summer 2018 present at London Fashion Week in London, Britain September 17, 2017. REUTERS/Mary Turner

“The media have been subject to an injunction preventing publication of full details of a story which is clearly in the public interest.”

In his assertion, Green mentioned his Arcadia group, which owns TopShop, generally reached confidential authorized settlements in response to workers’ formal complaints, in widespread with different massive companies.

“These are settled with the agreement of all parties and their legal advisers. These settlements are confidential so I cannot comment further on them,” he mentioned.

The Telegraph had described the case as “the British #MeToo scandal which cannot be revealed.”

The #MeToo motion started within the United States final 12 months in response to accusations of sexual harassment and abuse by highly effective males within the leisure trade together with movie producer Harvey Weinstein.

Green, 66, grew to become one of many Britain’s greatest recognized retailers when he purchased division retailer group BHS in 2000 and TopShop proprietor Arcadia in 2002.

The entrepreneur, as soon as often known as ‘king of the high street’ was knighted by Queen Elizabeth. But his status was broken by the collapse of BHS after he offered the chain for 1 pound in 2015 to a businessman who had previously been declared bankrupt.

Lawmakers blamed Green for the chain’s demise and mentioned it raised questions on gaps in company legislation and pension regulation. In a report to parliament in July 2016, they known as the collapse “the unacceptable face of capitalism”.

Green known as the report “the predetermined and inaccurate output of a biased and unfair process” and mentioned the sale had been made in good religion.

Reporting by Guy Faulconbridge, Editing by Nick Tattersall, William Maclean

Our Standards:The Thomson Reuters Trust Principles.

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