Topshop Billionaire on Venture with Simon Cowell

Topshop owner and retail billionaire Sir Philip Green has spoken to CNBC about his closely-guarded business venture with Simon Cowell, the American Idol star, saying details will be available soon.

The venture is "work in progress" and we will hear more "hopefully before the end of the year," Green told CNBC.

Rumors first surfaced in late June that Green and Cowell were working together to create a global entertainment group – but both parties have been tight-lipped about any details.

It was speculated that the pair, who are also close friends, will create a venture that will hold all the rights to Cowell’s hit TV shows – as well as allowing Cowell to roll out entertainment concepts worldwide.

Asked by CNBC if this venture should be something that big media companies – like CNBC parent NBC Universal – should be watching, Green said: “There's a vision. I think it would be fair to say that Simon's got a proven track record in the market place of producing winning shows. Hopefully outside of the TV area there's things to do in a lot of other areas in relation to the program, the brand.”

"What else can we do? Let's see what we can develop. Work in progress. My night job," he added.

- Watch the Sir Philip Green comments above.

  • Video - Arcadia Profit Rises 13% on 'Efficiency'

Contact Europe News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Europe Video

  • Greece's ''rocky road': 10-20% chance of Grexit

    When talking about European equities, James Purcell, Cross Asset Strategist at UBS, says that while "Greece is an annoying problem," it can be solved, adding that there's a 10 to 20 percent chance of a "Grexit."

  • Fed hike? Expect volatility in bonds

    How are the bond markets impacted by a possible rate hike from the U.S. Federal Reserve. Darren Ruane, head of fixed interest at Investec Wealth & Investment Limited, believes that future volatility is likely.

  • Hedge funds eye biggest risks

    What are the biggest risks to hedge funds at the moment? CNBC's Karen Tso talks to some corporate hedge fund leaders about what they think are the current risks.