Philip Green's takeover of Arcadia - the owner of Top Shop and Dorothy Perkins - is set to lead to big payouts for senior executives at the retail group.

Share options held by senior staff means they stand to gain several thousand pounds, and in a handful of cases, several million pounds.

In total, just under �84m will be paid out to senior executives across the company.

The biggest winner of all is chief executive Stuart Rose who is in line for a �23.1m windfall.

Making millions

Mr Rose has been credited with reviving Arcadia's fortunes by concentrating on its main brands and selling-off its non-core chains.

His fellow executive directors on the board will also make millions.

Charles Wilson, executive director of property, systems and logistics is in line for a �7.5m payment.

And the group finance director Nigel Hall is believed to be getting about �2m from his share options.

Payouts vary

The remaining cash will go to about 2,000 senior executives, including some branch managers, across the company, implying an average payout of about �25,000.

An Arcadia spokeswoman said the payouts would vary depending on what the company's share price was when they joined the scheme.

One of the reason why Stuart Rose stands to gain so much is that when he joined the company in November 2000, Arcadia's share price was below 50 pence.

Many staff joined the scheme in January 2001, during which the share price climbed above 90p and headed towards the �1.50 level.