Retail tycoon Green secures £1bn windfall

British retail tycoon Philip Green today said he had secured a windfall of more than £1bn (€1.8bn) from his Topshop-to-Burton fashion empire.

As owners of about 92% of the Arcadia chain, Mr Green and his family picked up the bulk of this year's £1.3bn (€2.3bn) dividend to shareholders, which followed an “excellent set of results” for the year to August 27.