Profits at Sir Philip Green’s retail empire plummeted by 79% last year, with the failure of BHS and tough competition in the clothing market contributing to the poor performance. A report filed with Companies House by Taveta Investments, showed pre-tax profits for the 12 months to August 2016 fell to £36.8, down from £172.2m the previous year. Total sales fell 2.5% to £2.02bn.
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