The parent company of Sir Philip Green’s Arcadia Group has welcomed Baroness Karren Brady as its new chairman. Brady will replace Lord Anthony Grabiner, who is stepping down as non-executive chairman of Taveta Investments after 15 years in the role. Arcadia is a British retail empire run by Green with string of high street fashion chains under its umbrella – such as Topshop, Topman, Wallis, Miss Selfridge, Dorothy Perkins, Evans, Burton and Outfit – and employs more than 24,000 staff worldwide