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).

The World Is Not Levered to the New China: UBS
24:26 - Bhanu Baweja, global head of emerging market cross asset strategy at UBS, discusses the 25th anniversary of the Shanghai Stock Exchange and the outlook for China's economy and emerging markets. He speaks to Bloomberg's Anna Edwards and Guy Johnson on "Countdown." (Source: Bloomberg)
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