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Brady lands new role


Filed: Monday, 17th July 2017
By: Staff Writer


West Ham vice chair Karren Brady has taken on a new role - as non-executive chairman of Taveta Investments, the parent company of Arcadia Group.

Tavesta, which owns the multinational retailing company is owned by Tina Green, the wife of disgraced Sir Philip Green.

The Tottenham supporter was panned for extracting hundreds of millions of pounds from BHS before it was sold for just £1 in 2015 leaving the Pension Protection Scheme with an enormous bill.




West Ham's vice chair effectively replaces Lord Grabiner at Taveta, who is stepping down with immediate effect.

Brady, who was pictured on Green's private yacht with her husband recently said: "The Arcadia business employs over 24,000 staff, has an annual turnover in excess of £2bn and has some of the most iconic names on the British high street.

"It is a privilege to have been invited to chair the board and I look forward to working with my colleagues as we concentrate on driving the Arcadia brands forward on their global expansion."




However news of Brady's appointment hasn't been universally welcomed; MP Frank Field, who has been highly critical of Green and his handling of the BHS pension scheme retorted: "Itís not surprising that Sir Philip Green has to use the the house of Lords as a recruitment agency for his companies.

"Baroness Brady was paid to be up to her eyeballs in the dreadful shenanigans that led to the closure of BHS, 11,000 job losses and practically every BHS pensioner suffering a cut in their pension entitlement."

The Arcadia group includes recognised high street brands such as Topshop, Dorothy Perkins, Miss Selfridge and Burton.







Related News

   arrow   In brief - Monday's news round-up [21st May 2018]
   arrow   Brady has 'sold the club down the river' [20th May 2018]
   arrow   A divided Boardroom? [16th May 2018]
   arrow   In brief - Monday's news round-up [14th May 2018]
   arrow   More criticism for vice chair Brady [13th May 2018]
   arrow   Board facing Leicester snub [3rd May 2018]
   arrow   In brief - Wednesday's news round-up [2nd May 2018]
   arrow   In brief - Thursday's news round-up [19th Apr 2018]
   arrow   In brief - Tuesday's news round-up [17th Apr 2018]
   arrow   £37 to upgrade a £20 ticket? No thanks! [10th Apr 2018]



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