Sir Philip Green, owner of the Arcadia Group, says times are hard on the High Streets in Britain, and his group will have to phase out 250 stores over next three years. On the positive side, his Arcadia Group is in the process of begining to open stores in mainland China. As India has now signaled OK to direct foreign investment in the Indian retail sector, perhaps Sir Philip may be considering that market as well. Kind Regards, Duru-darshan. |
