Tag : Arcadia Group
The Monday Briefing: Debenhams, Arcadia and AsdaSubscription
What you need to know from this weekend’s news …
Arcadia Group to accept orders at 30% discountSubscription
Sir Philip Green’s Arcadia Group has offered to accept orders from suppliers that were in transit on 17 March at a 30% discount, to avoid cancelling them entirely.
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.