Karren Brady resigns from Philip Green's retail empire

Keiligh Baker's picture

Baroness Karren Brady has resigned from Sir Philip Green’s retail investment firm - just weeks after vowing to stay.

The Apprentice star has stepped down from her position as chairwoman of Taveta Investments, the holding company which owns Arcadia group.

Non-executive director Sharon Brown, a former interim chairwoman of McColl’s, has also left the company.

Lady Brady was accused of hypocrisy after she refused to step down earlier this month, despite harassment claims against Sir Philip.

The businesswoman, who is also vice-chairwoman of West Ham, has previously been an outspoken critic of abuses of power in the workplace and blasted film producer Harvey Weinstein.

Lady Brady initially defended her position, saying she had a “sense of duty” to employees at retail chains such as Topshop, Dorothy Perkins, Evans and Burton.

In a statement, Taveta said it was “in active discussions” with potential replacements for the two outgoing board members.

“Taveta would like to announce that Karren Brady and Sharon Brown (in their respective capacities as non-executive chairman and non-executive director) have resigned from its board,” Taveta said in a statement.

“Taveta thanks them for their contribution and wishes them well for the future.”