with a £20,000 loan (equivalent to £216,000 in 2014) backed by his family. In 1979, Green bought up, at low prices, the entire stock of ten designer-label clothes retailers that had gone into receivership. He then had the newly bought clothes dry cleaned, put on hangers, and wrapped in polythene to make them look new, and bought a shop from which to sell them to the public. Business career Amber Day In 1988, he became chairman and Chief Executive of a quoted company called Amber Day, a discount retailer. The shares performed well, but then suffered a series of profit downgrades and in 1992 he resigned when the company failed to meet its profit forecast. Arcadia Group Next, Green assisted his wife Tina Green in the purchase of the Arcadia Group, which owns High Street chains such as Burton, Dorothy Perkins, Evans, Miss Selfridge, Outfit, Topshop/Topman and Wallis in 2002. The company was briefly owned by Green but sold to Tina Green within 24 hours, with Philip acting as CEO. On 30 November 2020, Arcadia Group went into administration after high street sales were adversely impacted by the COVID-19 pandemic. Charitable works and other activities In April 1980, Green registered a philanthropic initiative, the Kahn Charitable Trust, with a vision of "putting lost smiles back on the faces of less privileged persons across the globe." Green is a supporter of the Fashion Retail Academy and the industry charity Retail Trust. Green was made a Knight Bachelor in the 2006 Queen's Birthday Honours "For services to the Retail Industry". In May 2007, after the disappearance of Madeleine McCann in Portugal, Green donated £250,000 as a monetary reward for any useful public information. He also gave the McCanns the use of his private jet to allow them to fly to Rome for a Papal visit. In 2010, Green donated $465,000 for new beds at the Royal Marsden Cancer Hospital, after his wife Tina's mother died there. He also spent more than $150,000 for an Alexander McQueen dress at Naomi Campbell's Fashion for Relief charity event. In the same year, Green donated £100,000 to the Evening Standard's Dispossessed Fund which aims to support London's poorest people. He was reportedly the BBC's first choice to front the UK franchise of The Apprentice; however, at that time in 2004, he was too busy with Arcadia's attempted takeover of Marks & Spencer. Political activity Two weeks