Luxurious Lifestyle – Inexperienced Philip Plans Christmas Getaway to £ 30,000-a-Night Island as 15,000 Workers Face Ax | Zoom Fintech
Luxurious lifestyle – Inexperienced Philip plans Christmas getaway to £ 30,000-a-night island as 15,000 workers face ax
With as many as 15,000 Acadia workers facing a bleak Christmas as the agency heads for collapse, their inexperienced boss tycoon Sir Philip I clearly has no such worries.
The 68-year-old plans to move for a festive break to a unique Indian Ocean resort in sunny Maldives.
His journey to luxury will no doubt spark fury among the staff of his retail empire, which includes TopShop, Dorothy Perkins and Miss Selfridge, as he could very well be immersed in administration – likely as early as next week. .
As they worry about an uncertain future, Inexperienced – who owned the BHS division store before it collapsed in a scandal – can sunbathe on the One & Solely Reethi Rah resort, where some villas are worth £ 30,000 a night.
Former BHS employee Lin MacMillan said, “This is going to drop like a balloon with the Arcadia staff. It is as if we are extending two fingers to them.
Another, Hannah Cullen, added: “It’s just typical of him, he doesn’t care. It’s so callous when its staff may very well be left looking for other retail jobs when there are hardly any.
“He has no control over the news, he lives in a bubble.”
Inexperienced did not answer calls from the Mirror yesterday.
However, Arcadia mentioned the coronavirus disaster and the lockdowns had put it on the verge of collapse.
A statement added: “The forced closure of our stores at extended intervals due to the Covid-19 pandemic has influenced buying and selling in all of our businesses.
“As a result, Arcadia’s boards of directors have worked on a number of emergency options to secure the future of the group’s brands. “
Although branches closed during the last closure will reopen next week, fears exist about the way forward for workers as Christmas approaches.
And to discover Inexperienced is to have fun with a luxurious festive break as the staff fear how you can pay the rent and feed the households if the empire collapses will be a blow.
Reethi Rah’s friends have the choice of arriving by seaplane.
They’ll choose from 37 villas with non-public swimming pools, stroll the island’s 12 talcum powder shores, get pampered in its huge spa, waited on by workers wearing designer sunglasses, or stock up in the boutique’s shop. complex stocked with designer equipment from Christian. Louboutin.
Former A-list friends play Chelsea football club owner Roman Abramovich and Hollywood stars Tom Cruise and Russell Crowe.
David Beckham and Chef Gordon Ramsay and their families are said to have organized several New Year’s stays at the resort together.
The Beckhams have reportedly spent £ 250,000 already on an 11-night party dungeon.
Fifth Factor star Milla Jovovich described it as “beyond wonder.”
The collapse of Acadia, if it occurs, will herald the break-up of the Inexperienced retail empire and bring the curtain down on a controversial profession.
Once hailed as the King of the High Street, he built the business through a series of large-scale business buyouts and then attempted to build up Marks & Spencer.
In 2005, Arcadia paid a £ 1.2 billion document to Inexperienced Wife Tina, 71, in Monaco.
It offered the family a luxurious lifestyle that included a £ 100million superyacht, The Lionheart.
At one point, the corporate titan counted Leonardo DiCaprio, Naomi Campbell and Simon Cowell among his famous friends.
Inexperienced has been photographed numerous times with his arms draped over Liz Hurley, Kate Moss, Beyonce and Cara Delevingne.
He traveled to London by private jet from his home in Monaco and stayed in his personal suite at the Dorchester Lodge in Mayfair, central London.
However, his fame was shattered by the BHS scandal.
The struggling retailer was bought from former bankrupt Dominic Chappell for £ 1 in 2015.
It collapsed a year later, leaving a giant void in the BHS pension fund and causing 11,000 job cuts.
Inexperienced, amid calls to be stripped of his knighthood, then poured £ 363million into the fund.
He was also accused of subjecting workers to racist and sexist bullying, but denied any wrongdoing.
Regardless of its colossal wealth, Arcadia has taken taxpayer money for salaries for staff on leave and one company is imposing tax relief on companies affected by the pandemic.
Deloitte would have been appointed director, responsible for promoting the components of Arcadia, which also play Evans, Burton and Wallis.
Any money raised would help address a shortfall in Arcadia’s pension fund.
Pensions specialist John Ralfe put the deficit at £ 350million but said Sir Philip would not be responsible.
He added: “The legal record to prosecute him would be very weak.”
This puts fund members in danger of ending up with much less to stay in retirement.
Former MP Frank Area, who investigated the BHS scandal, insisted the Inexperienced should “spit” for any shortfall.
He called him a “flash boy who did not do good” and added: “His golden touch has turned to ashes for workers and retirees.”
Richard Hyman, Retail Specialist, mentioned Arcadia: “The writing has been on the wall for some time. Sir Philip took a few rabbits out of the hat to toss the box onto the road. “
Inexperienced misled his billionaire on this year’s Sunday Times Richlist, which nonetheless placed his and his wife’s fortune at £ 930million.
He has also invested heavily in real estate.
His daughter Chloe, 29, is reportedly worth £ 90million.