Tag : Sir Philip Green
Coronavirus: Arcadia seeks £50m funding Subscription
Topshop owner Arcadia is seeking to borrow up to £50m against its distribution centre, in an effort to support the business through the current coronavirus crisis.
Arcadia furloughs head office staff Subscription
Arcadia Group has furloughed nearly all head office employees across the group, and the board and senior leadership team will take a salary reduction of between 25%-50% amid the coronavirus crisis.
Sir Philip Green’s Arcadia Group has written to suppliers to inform them that it will be cancelling all orders and extending payment terms, in a bid to protect the business during the coronavirus outbreak.
Arcadia at a Christmas crossroads Subscription
As Topshop CEO Paul Price resigns, and ahead of a slew of lease breaks and the Christmas deadline for the £310m loan repayment on its Topshop London flagship, the future of Arcadia Group looks as uncertain as ever
Updated: Arcadia names new chairmanSubscription
Sir Philip Green’s Arcadia Group has appointed Andrew Coppel as its new chairman, following a turbulent year for the embattled retail empire.
Arcadia Group suppliers are concerned that the company’s operating losses for the 53 weeks to 1 September 2018 were “much worse” than anticipated.
Arcadia's future 'up in the air' as Shepherd exits Subscription
Industry sources have questioned the future of Arcadia Group after its “henchman” David Shepherd decided to step down as chief operating officer, marking the end of the position at the business.
Sir Philip Green is reportedly splitting up Arcadia Group into separate brands in the hope of selling them “over time”.
Two US landlords, Vornado and Caruso, have withdrawn their legal challenges against Arcadia Group’s company voluntary arrangements.
US landlords file legal challenge against Arcadia Subscription
A group of US landlords have reportedly filed a legal challenge against Topshop’s liquidation in America, in a bid to recoup some of their losses, which they claim to be in excess of £100m.