When my father worked in the retail industry in the 90s Phillip Green sued my father over a deal which had gone wrong. It went to court and Green lost and was made to pay my father £250,000 and pay for his legal fees. Green has always been a crook and a bully but just doesn't like it when people stand up to him.
I was working at Male’ Intl Airport (Maldives) in 2007 when this sleaze ball brought in all his cronies and sycophants for his birthday party. One cargo aircraft arrived full of flowers which then had to be transported to the resort island he had booked for an entire week and the that aircraft was followed by another full of all the instruments for the bands that were playing. There were so many private jets arriving that there wasn’t enough room for them all to park, so after they disgorged their ‘guests’ they had to fly to another airport to park. I saw a staggering amount of conspicuous consumption during my time there.
A few years ago I read the book mentioned in this video (Damaged Goods by Sunday Times business correspondent Oliver Shah) and It is EYE-POPPING what Green and his band of associates got up to. This video just scratches the surface. How the hell he isn't in jail right now is beyond me.
I was building a penthouse for Phil on the top of the BHS HQ no expense spared. Then he bought C&A for a quid. They already had a penthouse on the top their HQ so Phil walked away fron the one I was building. Never paid anyone a penny for it either. Just got his bouncers to get in your face if you doorstepped him... like I did.
I agree with all but one bit of this. Our system is not broken, it is working exactly as intended. This is all capitalism leads to. There is no accountability, ever
its the type of capitalism, and the tories have this as the policy , market driven only, the Germans had capitalism after the war up til they took the Euro, was socio capitalism and it work, our one is full of parasites
There's very little journalism in the British media. Rather than building a narrative from facts and context, they start off with the narrative and figure out how to reverse-engineer the information they have to suit it.
Excellent report and a real insight into corporate business. This is what schools should teach kids as an example of bad, unethical business. This is the real world of business. Well presented, and very insightful, and makes very clear points in a simple way. You don't need to know much about business to understand the key messages here.
Well, jewish created this system (FIAT currency, FED, Usury). Our time and money is feeding this beast and as a result we the people are hurting ourselves.
@@Cs13762 well, one could say that our normative system is set up to seek and reward aristocratic value systems (Bourdieu). Given this, we subconciously see those exhbiting class signifiers as "good".
Its a government issue,,there will always be a greedy lizard out there willing to cash in their workers pension to refit his super yacht - there needs to be legislation in place that prevents him from being able to do it.
Back in the day, I worked as a temp receptionist at BHS Headquarters in London. During training they told me that when PG visited the office, I must automatically open the barriers for him but not look at him at all and never, ever speak to him. He was rude, arrogant and selfish, the way he used to talk to staff was disgusting!
I like how I can tell you actually have interest in what you’re covering and research your vids a lot. Nice to see a vid that connects to your last. Not many channels like this atm
BHS was once a great store but after he took over and paid minimum wage to staff it went downhill. They would give refunds on items going back several years without a receipt. I watched a woman take back a pair of children's PJ's that were clearly several years old, well worn and bobbled and ask for a full refund. Shoplifting was rife because there were so few staff. As for going to Monaco, you can't exactly buy a house there at a moments notice and you need a healthy bank account to do that. He was able to find another poor fool to offload his crumbling empire and walked away with his nice little payoff just like he did with Sears. He's not a very nice man.
This video explains well how UK became developing country outside of Europe. Well done politicians, you are playing a blame game serving rich while your citizens are becoming poorer and more desperate. UK became much closer to the US than the EU in so many horrible ways.
@@MetalRocksMe. Compared to the UK, US growth has been strong. In 2004 the UK GDP per capita was $40,366 and today it is $46,125. The US on the other hand in 2004 it was $41,724 and today it is $76,329. I know it may not feel it, but the economic pain would feel a whole lot worse if the US had the UK's growth over the last 20 years - imagine dealing with all the recent inflation with the same salary as you had in 2004!
Well researched, wonderfully edited with receipts for all the clips & claims you make - really well put together Jimmy, well played. Came for the Rollerblading dying video, stayed for this. Also - "Financial Engineering" - just like his Early Life section on Wikipedia would allude to as well.
01:22 Yep. It’s like when people called Richard Branson a “self made” billionaire. Sure he started his first business when he was only 16- but he did so with a 20k “loan” from his mum having gone to a very nice private school paid for by his dad, a barrister.
Several people went to private schools and I'm sure a lot of them had access to 20k if that was the only factor I'm sure we would have had hundreds if not thousands of Richard Bransons. You don't have to like the man but he is a self-made billionaire.
If you don't hate the British establishment already or understand the level of corruption in the developed world this video does a great job of showing you why you should be angry
Keep in mind that in the UK the term "upper class" is reserved exclusively, pretty much, for the aristocracy. The peerage. So, Phil was rich as a kid, but not upper class.
The royals are just ceremonial. The honours committee (made up of politicians and civil service) and the prime minister decide and tell the monarch who is getting the honour
Yet another wide boy and rich elites waster. I don't know about anyone else, but I've had my fill of these individuals helping to tank our economy and live off of the spoils. Trouble is there's no recrimination for what he has done,only human misery for his ex-employees, as a consequence of this grifters actions.
Because saddling a healthy business with unmanageable while paying yourself billions in dividends direct to a tax haven is perfectly legal under capitalism. The system is working as designed.
He took over the Arcadia group once it had already consolidated its stores and was extremely profitable for next to nothing and then reaped the rewards... he was in the right place at the right time. Then he completely f8cked it up!
Only my 2 nd Vid of yours @JimmyTheGiant. It's not just your style of presentation, but I could see that you are a very well read man, has a lot of humour and sarcasm. Good one! Subscribed!
Buy Companies cheap, off load pension liability to the state, asset strip whats left and offshore profits. However they knew what he did and allowed it?
Besides Green's business skills, his other strength was not caring about people, not caring if they lost a lot of money, lost their jobs, had to sell their house, if the marriage broke up, if the staff got no sleep, if the staff got no respect. I trace a lot of that to his background and his family mindset which isn't British. Their mindset is ruthless, inhumane. I visited Arcadia's HQ off Oxford Street a few times. The atmosphere of the work environment shouted divide a rule, bully, pressure, scare. The fat pri_k is a very nasty piece of work. Besides being fat pri_ks, him and Robert Maxwell had a lot in common.
Arcadia had 2 headquarters, the one in Oxford was mainly for top shop! I worked in the other one where they had all the online shop studios! It was a shit show, toxic! Even though their job was quite easier than say a retailer! I was a stylist for BHS for the online store at the time ( I was also going to uni at the time studying fashion) it was a horrid place, made me leave the fashion industry all together ( I had worked for other designers and worked in London fashion week and this was my last drop) the way they were talking of kids being ugly and past their prime ( it was a back to school photoshoot) it made my skin crawl! Also when I got to the Oxford head quarters I applied for visual merchandiser and they said no ( even though I had better experience than the rest) their excuse is “ you seem to ambitious and we don’t need that over here” what the actual f….? They wanted someone with no soul who would just shut it and work and not want to grow in the company! I am now a store manager for a Dutch brand who believes in customers and workers well being! And I can positively say that it is such a difference working for good people
I worked in M&S when BHS went down and we took a lot of of their staff on that were made redundant. They all said that BHS was a horrible place to work at, especially by the end... Phillip Green is a C U Next Tuesday as far as I'm concerned... Btw another great video Jimmy, keep up the good work mate 👍🏻
Im curious to know, what was it like back then? I'm quite young in comparison so it would be quite cool to hear your experience as someone who lived through these times.
@@marcd6897 youd be surprised how little were taught in school about that stuff we have RE but most self respecting headteachers wont force that on people
The consulting firms aren't able to spot collapse? They definitely can, but they like the gravy train too much to raise the alarm! KPMG, Deloitte PWC and the rest are the definition of overpriced mediocrity
They can but big 4 firms are being paid by the very companies they audit, if they created an unfavourable audit report they would lose business therefore money.
I was in a pub with a few friends at the time of the downfall & SHTF - we all came to the same conclusion, that if you wanted to have an image of Mr Sleaze, you could hardly do better than Philip Green
Good journalism. Thank you. I remember reading the starry eyed stories. Didn't quite make sense at the time. Disappointing lack of critical thinking. Sadly us Brits are complacent.
Did anyone watch the 2020 movie ‘Greed’? It was an alright movie with Steve Coogan playing a figure very similar to Phillip Green but not called Phillip Green.
I can afford a super yacht but not your pensions. 🤦🏻♂️ It should be a joke, but it isn't and seems to be a common occurrence. Workers can lose their money, a few wealthy ppl need it more. If one of the workers stole just a smidge amount.... 🙀
I find Jimmy's videos a good way to get people INTO an Anti-capitalist mindset. He explains things in a straight forward way that doesn't talk down to working class people who might not know all the Leftist jargon and theory. Keep it up guy.
Alot of the issues are not due to capitalism, but due to poor regulation when it comes to institutional transactions between banks and actors. For example, leveraged buy outs of large companies, should be outlawed. Or regulated to a certain equity level. It makes 0 sense that a company's assets can be used to buy itself via a third party.
I was a small retailer on the market and had a couple of shops ,i used to sell quality clothing at cheap prices that were made in britain , HE realised he could make huge profits by getting rid of small retailers by importing cheap clothing in huge quantities from places like china ,india ,rumania,turkey, etc where the profits were huge ,he knew he could sell import huge numbers where the small retailers could not he also knew he could afford to sell them cheap for a while so he could shut down most of the competion from the small retailers, then he could buy inferior garments and put the prices up making huge profits as we could not get the goods . I used to sell a huge variety of good quality garments at cheap prices for many years until he and the other large retailers cornered the market I ended up selling poor quality garments at dear prices , Thats part of the reason theres not much variety of clothing these days ,as you dont get what you want ,you just get inferior goods at high prices and little to choose from
Terrific video as per Jimmy. I was always confused as to why he'd been allow to bring down the Arcadia empire for so long without checks. And why he is not as despised in public consciousness. I think, even as a Labour supporter, that the point about politicians in power allowing for corporate greed loopholes is such an important one. I'm hopeful that the new administration will take some steps toward addressing this (the ban on offshore tax evasion) But i'm doubtful they'll be enough to 'leave the backdoor open' for a calamity like this again.
@@elteeproductions5486 Don’t hold your breath. This is New Labour Mk2… they have as many rich people in the government as the Tories and as many super rich mates to protect. I know I don’t know anyone with an £18 million quid flat in Covent Garden or even someone with any 2nd or 3rd property they could lend my son… rich people problems.
About ten years ago, I met a girl at a bar next to Rough Trade East, that claimed to be Chloe Green. It was a really weird interaction, and flex. She was a horrible, odious person.
The average Brit doesn't even begin to understand this problem, we have been tricked well. They learnt to hide in plain sight after the 1930s, with as simple a trick as changing your name to "green" or "maxwell".
If as an audit company you are flagging companies all the time then soon no one will be hiring you. The only way you can flag a business is when you are paid by a bigger competitor that intends to buy out the struggling business
All the women I know who have worked in Topshop were told “don’t get caught alone with him if he comes in” - total sleazeball. Once waltzed into our local Debenhams and wanted to know how much it would cost to buy the building.
I will never forgive him for bringing topshop down. He finished it way before it financially crashed by upsetting the brilliant young designers so much with his creepy ways and yelling at them that they all left
@@Skritzathis man is not English. He has a thin upper lip, slanted forehead, hawk eyes and hook nose. If you don’t know what type of creature this is than you’re destined to get ploughed under. You need to get your eyes checked
@@DeeDerry yeah, it was a serious scandal in the 90s I have to be careful with what I say but some stuff might still be on the net. Definitely part of the club.
You made a joke example of asset stripping, but you really misled the viewer into thinking it's buying old stock for cheap and selling for more. It's not. It doesn't show just how badly it can leave the original business' equity stakeholders.
![ลองสุ่มไอโฟน 990 โกงมั้ย? [ โกงมั้ยครับ ep.101 ] | DOM](http://i.ytimg.com/vi/bfsWe0j492k/mqdefault.jpg)
Help me hit 1000 members on my discord! discord.gg/US8cuerhXJ
Why did u stop uploading parkour
A lot of Jew-hate in your comments. Typical of the British I guess.
'Bought to us by squarespace' ?
You mean 'BROUGHT'. How on earth can you mess this difference up?
This was really well reported dude. These films are getting better and better.
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The story still ends with a billionaire on his boat in Monaco with thousands still losing their jobs and pensions
The old “the rich get richer” story 🤦
@@silverbullet2008bb I couldn't have guessed..
but I bet he cries ocassionally
Wow British Donald Trump. Just be happy he didn't get involved in your politics.
one boat with rich c... sink just few weeks ago ^^
just saying .....
When my father worked in the retail industry in the 90s Phillip Green sued my father over a deal which had gone wrong. It went to court and Green lost and was made to pay my father £250,000 and pay for his legal fees. Green has always been a crook and a bully but just doesn't like it when people stand up to him.
What deal was that? What happened?
Even as a young adult I remember thinking he was a terrible person and just couldn't understand how BHS had to shut unless it was terrible management.
I wonder if anyone doesn't dislike Egg on legs?
I am sorry for what your father went through.
@@Flunkbox
I met him once at a store he owned, he made my skin crawl and seemed so arrogant that the word arrogant is not enough.
He thinks we are all cattle, and he is chosen
Jooish
Trumpian? 😊
isnt he big mates with that other old yid that does a stint on the telly
@@mikejones-tf6zo
Definitely, sugar + green.
How is he still a sir and not in jail?
a wild guess is he has friends in the right places - Buckingham Palace 🤣
Well, Sir Jimmy Savile, Sir Kier Starmer, see a pattern here? 😂
Sirs are all peados
He has a small hat
Because he has "a touch of the Levant" about him.
I knew a guy who worked under him until 2019. In Green's defense, he wasn't just abusive towards women, he was abusive towards all his employees.
I met him when i was 17, i could tell you a few things about him, i'll leave it to your imagination!
You make it sound like that's a good thing.
what goes round come round
@@elizabethsohler6516 not my intention in the slightest. This man is a scumbag through and through.
@@mhkpt What threw me was the phrase, "In Green's defense..."
I was working at Male’ Intl Airport (Maldives) in 2007 when this sleaze ball brought in all his cronies and sycophants for his birthday party. One cargo aircraft arrived full of flowers which then had to be transported to the resort island he had booked for an entire week and the that aircraft was followed by another full of all the instruments for the bands that were playing. There were so many private jets arriving that there wasn’t enough room for them all to park, so after they disgorged their ‘guests’ they had to fly to another airport to park. I saw a staggering amount of conspicuous consumption during my time there.
This man has an English name but is from Israel. I dont understand why these people anglocise their name to suck off the Europeans
Politicians need these people. They spread the money around like a mafia boss.
@@madeinengland1212 how many brown envelopes did tony Blair take from fatty green ???
i wonder if he gives away freebies
Before it's collapse, BHS wasn't a bad store and could have easily been turned around had it not been shafted by Green.
Agreed, it's like M&S, just needed updating and a new brand image.
@@willywonkawhitecaneman
I was referring to the time before Green became involved.
I hate the fact that he still owns loads of brand names
@@turboslag Before buying BHS he actually wanted to buy M&S. How would that have turned out ? A guess might be BHS on the High Street but no M&S.
@@MrDuncl
Badly!! He's the kiss of death wherever goes.
He's on his yacht with Michelle Mone, While our children hold the bill. No one does anything about it because their just as bad.
A few years ago I read the book mentioned in this video (Damaged Goods by Sunday Times business correspondent Oliver Shah) and It is EYE-POPPING what Green and his band of associates got up to. This video just scratches the surface. How the hell he isn't in jail right now is beyond me.
I was building a penthouse for Phil on the top of the BHS HQ no expense spared. Then he bought C&A for a quid. They already had a penthouse on the top their HQ so Phil walked away fron the one I was building. Never paid anyone a penny for it either. Just got his bouncers to get in your face if you doorstepped him... like I did.
You always want money upfront if your jobbing for a limited Company.
@@hooareya6261 I did
Based pfp
Sounds a lot like Robert Maxwell.. lots of people cheated by him and his companies - including me!
Wo!
I agree with all but one bit of this.
Our system is not broken, it is working exactly as intended.
This is all capitalism leads to.
There is no accountability, ever
Capitalism was rigged from the start
its the type of capitalism, and the tories have this as the policy , market driven only, the Germans had capitalism after the war up til they took the Euro, was socio capitalism and it work, our one is full of parasites
But it will collapse one day
Yes. Capitalism is working exactly as intended.
Care to live under the alternative?
Who says crime doesn't pay
Blue collar crime doesn't,
White collar crime however is serious business
@haruhisuzumiya6650 Steal a little and they throw you in jail
Steal a lot and they make you king
There's very little journalism in the British media. Rather than building a narrative from facts and context, they start off with the narrative and figure out how to reverse-engineer the information they have to suit it.
that's all western media :( England might be the worst tho I don't know
Looks like the penguin 😂
At least the Penguin has a soul...
Don’t disrespect cobblepot like that
You misspelled Jewish
I think they modeled it on him and the kosher mafia of Murder Incorporated.
came here to comment exactly that 😄 well observed
public can be outraged but nothing ever happens
Remember kids, theft and fraud are bad, unless you steal and defraud big.
"why rob a bank, just let us install such a buisiness!"
"If you owe the bank $50,000, you have a problem. If you owe the bank $50,000,000, the bank has a problem."
Excellent report and a real insight into corporate business. This is what schools should teach kids as an example of bad, unethical business. This is the real world of business. Well presented, and very insightful, and makes very clear points in a simple way. You don't need to know much about business to understand the key messages here.
23:50 the system is not broken. it is functioning PERFECTLY for the people it was designed for
well, except it's not working for the people who vote to elect politicians/policies
@@Cs13762people don’t elect politicians. They select themselves and they represent globalist anti white billionaires not the taxpayer
@@Cs13762That's what the comment actually means
Well, jewish created this system (FIAT currency, FED, Usury). Our time and money is feeding this beast and as a result we the people are hurting ourselves.
@@Cs13762 well, one could say that our normative system is set up to seek and reward aristocratic value systems (Bourdieu). Given this, we subconciously see those exhbiting class signifiers as "good".
Its a government issue,,there will always be a greedy lizard out there willing to cash in their workers pension to refit his super yacht - there needs to be legislation in place that prevents him from being able to do it.
Government is not interested to legislate they are part of the scam.
The government is also a greedy lizard.
the British government putting that guy in charge of spending reviews is like putting a fox in charge of chickens. it's bat shit insane!
Back in the day, I worked as a temp receptionist at BHS Headquarters in London. During training they told me that when PG visited the office, I must automatically open the barriers for him but not look at him at all and never, ever speak to him. He was rude, arrogant and selfish, the way he used to talk to staff was disgusting!
I like how I can tell you actually have interest in what you’re covering and research your vids a lot. Nice to see a vid that connects to your last. Not many channels like this atm
16:02 “Why did you choose Monaco”.
People only move to Monaco for tax evasion.
No shit sherlock
BHS was once a great store but after he took over and paid minimum wage to staff it went downhill. They would give refunds on items going back several years without a receipt. I watched a woman take back a pair of children's PJ's that were clearly several years old, well worn and bobbled and ask for a full refund. Shoplifting was rife because there were so few staff. As for going to Monaco, you can't exactly buy a house there at a moments notice and you need a healthy bank account to do that. He was able to find another poor fool to offload his crumbling empire and walked away with his nice little payoff just like he did with Sears. He's not a very nice man.
not nice at all
Evil
Blimey - we have such short memories - thank you for the reminder.
was waiting for batman to turn up any second hunt down this penguin charachter
Nice one Jimmy. Now concentrate on the auditors - follow the money.
Oh yes - you struck a chord there...
Thank you for reminding us all of this and especially for your great research.
This video explains well how UK became developing country outside of Europe.
Well done politicians, you are playing a blame game serving rich while your citizens are becoming poorer and more desperate.
UK became much closer to the US than the EU in so many horrible ways.
Please leave Scotland alone and independent , their freedom and future might suffer greatly because of these in London.
@@DarkoNomadMy comment got deleted! 😾
Like the US in all the bad ways too. At least the US has had decent growth over the last 2 decades.
@@Caerdangrowth for who? No the average man/woman on the street.
@@MetalRocksMe. Compared to the UK, US growth has been strong. In 2004 the UK GDP per capita was $40,366 and today it is $46,125.
The US on the other hand in 2004 it was $41,724 and today it is $76,329.
I know it may not feel it, but the economic pain would feel a whole lot worse if the US had the UK's growth over the last 20 years - imagine dealing with all the recent inflation with the same salary as you had in 2004!
Well researched, wonderfully edited with receipts for all the clips & claims you make - really well put together Jimmy, well played.
Came for the Rollerblading dying video, stayed for this.
Also - "Financial Engineering" - just like his Early Life section on Wikipedia would allude to as well.
how much money do the rich need its insane
The poor spend their money on essentials & pay tax in their home country. Rich pay accountants etc to avoid tax & spend the money abroad.
My mum worked for him as a Regional Manager at BHS.....terrible man
Thanks Jimmy your videos equally educate and depress me 😅
As we watch this, his yacht sits in Livorno in Italy.
8.44 mins in sounds like a Alan sugar who's made his money from asset stripping aswell
01:22 Yep. It’s like when people called Richard Branson a “self made” billionaire. Sure he started his first business when he was only 16- but he did so with a 20k “loan” from his mum having gone to a very nice private school paid for by his dad, a barrister.
i'm no fan of the man but i'm guessing Branson isn't quite so cavalier about his employees
Good schools not only provide education but also life long powerful connections. People forget that
Several people went to private schools and I'm sure a lot of them had access to 20k if that was the only factor I'm sure we would have had hundreds if not thousands of Richard Bransons. You don't have to like the man but he is a self-made billionaire.
@@anotheruser1275 he was also apparently involved in some dodgy accounting
from 20k to billionaire, I would call that self made. Stop hating brokie.
If you don't hate the British establishment already or understand the level of corruption in the developed world this video does a great job of showing you why you should be angry
We're not allowed to notice all these billionaires like Green here are from the same tribe though huh
Lol Green reminds me of Alan Sugar. Geeza mate!
recognising a pattern yet? Also Robert Maxwelll.
@@buckaroooooo shut it down
@buckaroooooo, so very true 👍
Same religion
Look at Lord Kagan who controlled Harold Wildon, Robert Maxwell, all the same religion...
What a crook how is this not more common knowledge?
replaced by Mike Ashley 😂
@@RDHMT24 yep another crook
It's a terrible comparison. Ashley was never in the "gang"😏
Or Donald Trump. Trump has an additional strike against him--he's a Yank.
Jeff bazos killed the high Street
@tfinde he's definatley killing eBay with there 3 day day delivery and when it doesn't wait 30 days to get your money back !
Middle class and owning many businesses = not middle class
Keep in mind that in the UK the term "upper class" is reserved exclusively, pretty much, for the aristocracy. The peerage. So, Phil was rich as a kid, but not upper class.
@@hoilst265 yeah I am a yankee and was gonna comment this.
And the Queen knighted him 😂😂 Says everything about the royals and british elites
The royals are just ceremonial. The honours committee (made up of politicians and civil service) and the prime minister decide and tell the monarch who is getting the honour
They still bestie the honor. They're royalty if you think they're not privy to business dealings and rumours you're naive.
The monarch has no choice in the matter. The PM decides.
@@Vonononie The committee recommends and advises, but the PM can overrule it.
@@TheLucanicLord very true, I should have been clearer
Yet another wide boy and rich elites waster. I don't know about anyone else, but I've had my fill of these individuals helping to tank our economy and live off of the spoils. Trouble is there's no recrimination for what he has done,only human misery for his ex-employees, as a consequence of this grifters actions.
and why isn’t he in jail ?
💰💰💰
jail is for the goyim
👃 👃 👃
the neo liberalist capitalist system is built to support and protect the wealthy
Because saddling a healthy business with unmanageable while paying yourself billions in dividends direct to a tax haven is perfectly legal under capitalism. The system is working as designed.
Worked for him 2012 through a security company and I’m owed £913.33 plus inflation
He took over the Arcadia group once it had already consolidated its stores and was extremely profitable for next to nothing and then reaped the rewards... he was in the right place at the right time. Then he completely f8cked it up!
Reminds me of the ISSA Brothers with ASDA currently
They have ruined ASDA.
I don't even live in the U.K. and I still watch these vids. This is some decent story telling/journalism.
And what happened to him?…absolutely nothing it’s another two tier policing and justice scenario…a high class robber!..
What a great content. Straight to the point and no waffling. Subsribed.
soo basically a vulture, a snake, and a monkey rolled into one.
what a fascinating animal he is.
It's a bit like the creature the tribe sacrifices to.
Only my 2 nd Vid of yours @JimmyTheGiant. It's not just your style of presentation, but I could see that you are a very well read man, has a lot of humour and sarcasm. Good one! Subscribed!
He was having a lovely old time while we were being made redundant. The only brand he cared about was Top Shop.
Buy Companies cheap, off load pension liability to the state, asset strip whats left and offshore profits. However they knew what he did and allowed it?
Besides Green's business skills, his other strength was not caring about people, not caring if they lost a lot of money, lost their jobs, had to sell their house, if the marriage broke up, if the staff got no sleep, if the staff got no respect. I trace a lot of that to his background and his family mindset which isn't British. Their mindset is ruthless, inhumane. I visited Arcadia's HQ off Oxford Street a few times. The atmosphere of the work environment shouted divide a rule, bully, pressure, scare. The fat pri_k is a very nasty piece of work. Besides being fat pri_ks, him and Robert Maxwell had a lot in common.
Ah yes Bob the Max I had forgotten about him.....eerily similar ...
Just say that he’s a typical member of a certain ethnic group then instead of just pretending no one English would ever be an asset stripper
Arcadia had 2 headquarters, the one in Oxford was mainly for top shop! I worked in the other one where they had all the online shop studios! It was a shit show, toxic! Even though their job was quite easier than say a retailer! I was a stylist for BHS for the online store at the time ( I was also going to uni at the time studying fashion) it was a horrid place, made me leave the fashion industry all together ( I had worked for other designers and worked in London fashion week and this was my last drop) the way they were talking of kids being ugly and past their prime ( it was a back to school photoshoot) it made my skin crawl! Also when I got to the Oxford head quarters I applied for visual merchandiser and they said no ( even though I had better experience than the rest) their excuse is “ you seem to ambitious and we don’t need that over here” what the actual f….? They wanted someone with no soul who would just shut it and work and not want to grow in the company! I am now a store manager for a Dutch brand who believes in customers and workers well being! And I can positively say that it is such a difference working for good people
probably got a dual passport as well
every. single. time.
Antisemitism?
@@bassetts1899Oy vey shut it down
@@bassetts1899 pattern noticing
I worked in M&S when BHS went down and we took a lot of of their staff on that were made redundant. They all said that BHS was a horrible place to work at, especially by the end... Phillip Green is a C U Next Tuesday as far as I'm concerned...
Btw another great video Jimmy, keep up the good work mate 👍🏻
Im curious to know, what was it like back then? I'm quite young in comparison so it would be quite cool to hear your experience as someone who lived through these times.
C U Next Tuesday😂😂😂 I’m loving that
@@marcd6897im surprised youve never heard that it used to be how we would swear at each other in class
@@Killthefish that’s maybe because I have enjoyed a christian education… naaaah, just kidding. I’m not british 😉
@@marcd6897 youd be surprised how little were taught in school about that stuff we have RE but most self respecting headteachers wont force that on people
Our Mr. TheGIant is a likeable host. I always enjoy these vids despite how grim the subject matter usually is.
The consulting firms aren't able to spot collapse? They definitely can, but they like the gravy train too much to raise the alarm! KPMG, Deloitte PWC and the rest are the definition of overpriced mediocrity
They can but big 4 firms are being paid by the very companies they audit, if they created an unfavourable audit report they would lose business therefore money.
@@DoraWinifredI pooped 💩
@@DoraWinifred Which is why the EU, and france in particular has required certain aspects to be regulated: and has broken up certain firms.
But the partners in these accounting firms will know when to sell their own shares.
Thank you for this - thousands of decent people out of work to fill his trough
I was in a pub with a few friends at the time of the downfall & SHTF - we all came to the same conclusion, that if you wanted to have an image of Mr Sleaze, you could hardly do better than Philip Green
Good journalism. Thank you. I remember reading the starry eyed stories. Didn't quite make sense at the time. Disappointing lack of critical thinking. Sadly us Brits are complacent.
Did anyone watch the 2020 movie ‘Greed’? It was an alright movie with Steve Coogan playing a figure very similar to Phillip Green but not called Phillip Green.
Was the main character Sir Phillip Greed?
Love all your videos man
I can afford a super yacht but not your pensions. 🤦🏻♂️ It should be a joke, but it isn't and seems to be a common occurrence. Workers can lose their money, a few wealthy ppl need it more. If one of the workers stole just a smidge amount.... 🙀
I find Jimmy's videos a good way to get people INTO an Anti-capitalist mindset. He explains things in a straight forward way that doesn't talk down to working class people who might not know all the Leftist jargon and theory. Keep it up guy.
Alot of the issues are not due to capitalism, but due to poor regulation when it comes to institutional transactions between banks and actors.
For example, leveraged buy outs of large companies, should be outlawed. Or regulated to a certain equity level. It makes 0 sense that a company's assets can be used to buy itself via a third party.
I was a small retailer on the market and had a couple of shops ,i used to sell quality clothing at cheap prices that were made in britain , HE realised he could make huge profits by getting rid of small retailers by importing cheap clothing in huge quantities from places like china ,india ,rumania,turkey, etc where the profits were huge ,he knew he could sell import huge numbers where the small retailers could not he also knew he could afford to sell them cheap for a while so he could shut down most of the competion from the small retailers, then he could buy inferior garments and put the prices up making huge profits as we could not get the goods .
I used to sell a huge variety of good quality garments at cheap prices for many years until he and the other large retailers cornered the market
I ended up selling poor quality garments at dear prices ,
Thats part of the reason theres not much variety of clothing these days ,as you dont get what you want ,you just get inferior goods at high prices and little to choose from
I think you meant high prices, not high profits, at the end of your posting.
Yes sorry
Terrific video as per Jimmy. I was always confused as to why he'd been allow to bring down the Arcadia empire for so long without checks. And why he is not as despised in public consciousness. I think, even as a Labour supporter, that the point about politicians in power allowing for corporate greed loopholes is such an important one. I'm hopeful that the new administration will take some steps toward addressing this (the ban on offshore tax evasion) But i'm doubtful they'll be enough to 'leave the backdoor open' for a calamity like this again.
@@elteeproductions5486 Don’t hold your breath. This is New Labour Mk2… they have as many rich people in the government as the Tories and as many super rich mates to protect. I know I don’t know anyone with an £18 million quid flat in Covent Garden or even someone with any 2nd or 3rd property they could lend my son… rich people problems.
In meetings in the City with bankers and lawyers he had a reputation of being incredibly arrogant, aggressive and vulgar.
Great Video, keep these ones coming.
You're doing stirling work Jimmy, peace indeed and keep exposing the flaws of late stage capitalism.
Great story. I hadn't been aware.
With every Jimmy video, I genuinely feel more educated and informed. 😅
Staying busy recently, love your content man keep it up :)
About ten years ago, I met a girl at a bar next to Rough Trade East, that claimed to be Chloe Green.
It was a really weird interaction, and flex.
She was a horrible, odious person.
You're killing it today, mate. And i haven't even caught up on your knife crime video yet!
No early life section reading needed this time
>Ultra Instinct
The average Brit doesn't even begin to understand this problem, we have been tricked well. They learnt to hide in plain sight after the 1930s, with as simple a trick as changing your name to "green" or "maxwell".
Antisemitism?
@bassetts1899 how did you even come to that conclusion?
@@bassetts1899 pattern noticing
Excellent work.
From Wikipedia: Green was born on 15 March 1952 in Croydon, England, into a middle-class Jewish family.
Well!! Jewish. There's a surprise!!
Robert maxwell was also Jewish. He was very conning Nf cruel
why you quote wiki on here??? this is obviously a more researched take
If as an audit company you are flagging companies all the time then soon no one will be hiring you. The only way you can flag a business is when you are paid by a bigger competitor that intends to buy out the struggling business
Its the same old story; the rich become more powerful. And the poor lose the lot.....
High quality content as always! Do you do all your editing yourself or do you have a team?
All the women I know who have worked in Topshop were told “don’t get caught alone with him if he comes in” - total sleazeball. Once waltzed into our local Debenhams and wanted to know how much it would cost to buy the building.
Kode oh dear sounds very topical...
I know someone who worked with him and they said he was very 'handsy' with female staff
Company culture in Peter Robinson long before PG's time.
I appreciate it takes time and effort to upload these so thank you for 2 in 1 week 👏🏼
I will never forgive him for bringing topshop down. He finished it way before it financially crashed by upsetting the brilliant young designers so much with his creepy ways and yelling at them that they all left
Brilliant designers at Top Shop😂
The father of the unpleasant shopping experience .
Is he living in Israel now?
I'm noticing patterns.
QUI?!?!
Antisemitism?
Stop noticing, you’re not meant to.
I always thought he looked greasy and untrustworthy
English people as a whole give off that vibe
@@Skritzathis man is not English. He has a thin upper lip, slanted forehead, hawk eyes and hook nose. If you don’t know what type of creature this is than you’re destined to get ploughed under. You need to get your eyes checked
@@Skritza *Jewish Also Jews don't consider themselves as White
He's a Jew what do you expect?
K konas don't either @@Skritza
10:18 similar to what was done here in the Netherlands with Vroom en Dreesman.
The BHS destroyer.
Awww I miss BHS!
This guys wife was also involved in all those kids in Islington care Homes……
@@LiClanOoofff👀👀👀
I remember the prank video by lee nelson
@@DeeDerry yeah, it was a serious scandal in the 90s I have to be careful with what I say but some stuff might still be on the net. Definitely part of the club.
Two vids back to back. jimmy spoiling us!
Philip and Ms Mone … how they hoodwinked tories
Investment houses are doing exactly this now, since they're not individuals it doesn't make news.
You made a joke example of asset stripping, but you really misled the viewer into thinking it's buying old stock for cheap and selling for more. It's not. It doesn't show just how badly it can leave the original business' equity stakeholders.
Brilliant analysis. Subscribed!
the fraise British Harvie Weinstein really fits
Phrase*
@@TheMusicGuy-Cymru sorry i'm dyslexic
Donald Trump.
Great content.