Tag : Arcadia
Sir Philip Green is drawing up restructuring plans to save his ailing Arcadia Group empire, but industry insiders have told Drapers the business is not sustainable in its current state, and selling the brands that are thought to be underperforming is the only way to revive its fortunes.
Tesco eyes further Arcadia concessionsSubscription
Tesco may expand the number of Arcadia concessions hosted in its branches, in an effort to profitably fill spare space in large stores.
As landlords ready themselves for restructurings at Debenhams and Arcadia Group, retailers fear that already struggling high streets will become “ghost towns” if they make widespread store closures.
‘New era’ at Topshop/Topman Subscription
Industry observers have expressed confidence over the new senior appointments at Topshop/Topman, but warned that changes are needed if the retailer is to return to its former glory.
700 jobs at risk as more BHS stores face closureSubscription
Shop worker’s union USDAW has warned up to 700 BHS staff will be affected by the latest wave of store closures and urged Sir Phillip Green to find alternative roles for those facing redundancy.
Accountant chair 'gives clue to Arcadia direction' Subscription
Industry experts have hailed the appointment of Andrew Coppel as Arcadia’s new chairman as an “excellent” decision, as he brings a “totally fresh pair eyes” to the struggling group.
American landlords question Arcadia debtSubscription
American landlords have questioned why Arcadia Group’s debts to certain suppliers fluctuated at the time of the second vote on the group’s company voluntary arrangement, potentially lessening landlords’ power to block it.
Analysis: Is Topshop losing its shine?Subscription
Topshop has long been considered the pinnacle of cool young fashion on the British high street. With its high-profile fans, a spot on the London Fashion Week schedule and frenzied teen following, for years Topshop has been at the cutting edge of young fashion retailing.
Arcadia is “considering various options” to replace the £100m annual revenue generated through Dorothy Perkins, Wallis and Burton concessions within BHS stores, Drapers understands.
Arcadia appoints advisers ahead of possible CVASubscription
Arcadia Group has appointed property advisers ahead of a possible company voluntary arrangement.