Tag : Arcadia Group
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 ends fixed-term contracts earlySubscription
Arcadia Group has written to employees on fixed-term contracts to inform them that it will be ending their agreements early.
Once the darling of the high street, Sir Philip Green’s Arcadia Group has been battling dwindling sales, profits and footfall as shoppers move on to fast fashion, digital-native rivals.
Topshop buying director to exitSubscription
Topshop buying director Emma Fox is serving her notice and will be leaving the business in February, Drapers can reveal.
Arcadia makes senior digital hiresSubscription
Arcadia has made three senior appointments to its digital team, as the group seeks to accelerate its digital growth strategy.
Miss Selfridge reports £17.5m loss Subscription
Arcadia Group’s Miss Selfridge reported a £17.5m loss before tax for the year to 1 September 2018, compared with a loss of £4.2m in 2017.
Topshop/Topman £505m in the red Subscription
Sir Philip Green’s Topshop and Topman chains slumped to a pre-tax loss of £505m last year, as the chains were hit by one-off costs and falling sales.
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”.