Sir Philip Green breaks the £1bn barrier

Industry reports paint a dire picture of demand on the high street. This month, Marks & Spencer saw a quarter of its stock-market value wiped out. ScS, a medium-size furniture retailer, and ProCook, a chain of 39 cookery shops, both went into bankruptcy. But Topshop owner Sir Philip Green is bucking the trend, with sales smashing the £1bn mark.

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