Billionaire Green Sells 25% Topshop Stake

Philip Green, the billionaire owner of the Arcadia fashion business, sold a 25 percent stake in the Topshop and Topman retail chains to Leonard Green & Partners LP, the co-owner of the J Crew fashion brand, in a deal valuing the businesses at 2 billion pounds ($3.2 billion).

Full Show: What'd You Miss? (05/27)
20:43 - Full episode of "What'd You Miss?" Guests include: Frederik Nerbrand, HSBC's head of asset allocation, Stanley Altshuller, Novus co-founder, and Michael Blythe, Commonwealth Bank of Australia's chief economist. (Source: Bloomberg)
  • The Shanghai-Based Lip Sync App Taking the U.S. by Storm
  • NetApp CEO Kurian: Sales Weakness Is 'Temporary'
  • Are Algorithms Biased by Design?