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Two US landlords, Vornado and Caruso, have withdrawn their legal challenges against Arcadia Group’s company voluntary arrangements.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.
Topshop fashion director departs for M&SSubscription
Topshop fashion director Maddy Evans is leaving the company to join Marks & Spencer in a senior buying role.
Arcadia to axe 170 head office jobsSubscription
Arcadia is to cut 170 head office roles as Sir Philip Green battles to turn around its fortunes.
The tough stance taken by some Arcadia Group landlords forced owner Sir Philip Green to invest more in the business to ensure the controversial company voluntary arrangement (CVA) passed, industry experts have claimed.
Intu to vote against Arcadia CVA Subscription
Landlord Intu Properties has said it will oppose Arcadia Group’s company voluntary arrangement (CVA) at the postponed creditors’ meeting tomorrow.
Topshop to launch on AsosSubscription
Arcadia boss Sir Philip Green is preparing to invest £135m in a makeover of its brands, which include Topshop, Topman, Dorothy Perkins and Miss Selfridge, as he battles to save the high street empire.
Green to close Miss Selfridge flagshipSubscription
Sir Philip Green will close Miss Selfridge’s flagship on London’s Oxford Street this July, as Arcadia shifts the brand’s focus to a wholesale, concession and online model.
Lord Hain lists Sir Philip Green abuse allegations Subscription
Lord Hain detailed alleged abuse claims about Arcadia Group owner Sir Philip Green under parliamentary privilege at the House of Lords today.
Sir Philip Green’s fortune halves in a yearSubscription
Sir Philip Green’s fortune has dropped by £1.05bn to £950m in a year, as high street turbulence takes its toll on the Arcadia retail empire.
Arcadia restructuring: who holds the power?Subscription
As the business world awaits Arcadia Group’s imminent restructuring, Drapers spoke to industry experts to find out who is calling the shots in the negotiations.
Arcadia set for crunch CVA meeting Subscription
Directors from Arcadia will reportedly meet today to discuss plans for a Company Voluntary Arrangement (CVA), as Sir Philip Green seeks a rescue plan for his high street empire.