Tag : Arcadia Group
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”.
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.
Arcadia caves in to landlords on rents Subscription
Arcadia Group has revised the rent reductions set out in its company voluntary arrangement (CVA) proposals, in a bid to win landlord support.
Can the Arcadia empire strike back?Subscription
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.
Pension issues could derail Arcadia CVASubscription
The Pension Protection Fund could vote against Arcadia’s restructuring plans at a meeting due to be held later this week.
Arcadia reveals stores to close under CVASubscription
Arcadia Group has proposed seven company voluntary arrangements (CVAs) across its companies, which if approved would result in 23 UK store closures and the closure of all eleven Topshop Topman stores in the US.
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.
Sir Philip Green sells former BHS HQ Subscription
Sir Philip Green has sold the former BHS headquarters in London as his retail empire struggles with tumbling sales and rising property costs, it has been reported.
Karren Brady exits Arcadia ownerSubscription
Karren Brady, non-executive chairman of Taveta, parent company of Arcadia Group, and Sharon Brown, non-executive director, have resigned from the board.
Arcadia’s credit insurance 'to be cut' again Subscription
Credit insurers are reportedly planning to cut cover for Arcadia Group for the second time, amid continued tough trading conditions on the high street.
Arcadia 'sales slump'Subscription
Sales at Arcadia Group have reportedly fallen by 16.6% year on year in the three months to 18 November.
US Polo Assn to debut with Arcadia and HoFSubscription
Menswear label US Polo Assn will launch in Arcadia Group’s multi-concept fascia Outfit and House of Fraser when the brand makes its UK debut next spring.
Missguided boss under fire for parliamentary no-show Subscription
Missguided chief executive Nitin Passi has been criticised by environmental audit committee chair Mary Creagh after refusing to attend a hearing on sustainability in the fast fashion industry.
Comment: Is this fashion retail’s #metoo moment?Subscription
The allegations that Arcadia Group boss Sir Philip Green bullied, racially abused and sexually harassed some of his employees have sent ripples through the industry.
Philip Green says it was only 'banter' Subscription
Arcadia Group boss Sir Philip Green has spoken out about allegations of bullying, racism and sexual harassment, and said he has had “the worst week of his life”.
Arcadia Group owner Sir Philip Green has been named in parliament as the businessman facing allegations of harassment.
Arcadia targets wholesale growth in GermanySubscription
Arcadia Group is turning to German-speaking countries for a boost in sales, as evidenced by a prominent presence at Berlin trade show Panorama last week.
Sir Philip Green in High Court action over BHSSubscription
Sir Philip Green has started a legal battle with regulators over a probe into the audit of BHS’s accounts during the year before the chain was sold, it has been reported.
Topshop swings to £10.9m lossSubscription
Young fashion giant Topshop reported a £10.9m loss in the year to August 2017, as high street retailers continue to face tough trading conditions.
Harrods restructures digital team Subscription
Harrods has appointed Amanda Hill as its first chief marketing and customer officer, amid a wider shake-up of its digital team.
Former BHS owner Chappell faces directorship banSubscription
The Insolvency Service plans to ban former BHS boss Dominic Chappell from holding a directorship for up to 15 years.
It seems no sector is immune to the challenges facing the market right now, and this week brought redundancy announcements from fast fashion operators Missguided and
Arcadia sale speculation sparks debateSubscription
Sir Philip Green’s Arcadia Group has found itself under further scrutiny this week after speculation about a possible sale – which Green dismissed as “totally false”.
Sir Philip Green 'mulls Arcadia sale'Subscription
Topshop boss Sir Philip Green is reportedly planning to sell all or part of his Arcadia Group empire.
Former New Look menswear director joins TopmanSubscription
Christopher Englinde, who left his position as menswear director at New Look last summer, is joining Topman as brand director.
Primark hires former Topshop trading directorSubscription
Primark has hired former Topshop/Topman trading chief James Mooney as merchandising director for womenswear, it has emerged.
Comment: Squeezing suppliers is short-termistSubscription
Arcadia Group’s latest demand for a discount from its suppliers
Mothercare is planning to make up to 200 roles redundant at its UK head office as the retailer restructures to become “more specialist and robust”, Drapers can exclusively reveal.