Tag : Arcadia
Ted Baker hires global creative directorSubscription
Ted Baker has poached Arcadia Group’s Anthony Cuthbertson for the new role of global creative director.
The fallout from furloughSubscription
More than 6 million workers have been have been put into the Coronavirus Job Retention Scheme. What are the prospects for those in fashion retail to return to work?
Comment: Retailers and brands must #PayUpSubscription
One supplier has called for retailers and brands to pay up for cancelled goods. The author has asked to remain anonymous.
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.
Tensions mounted in the industry this week, as the number of retailers cancelling orders and delaying supplier payments escalated, and suppliers warned that the coronavirus pandemic could have a massive financial impact.
Coronavirus: Arcadia to defer pension paymentsSubscription
Sir Philip Green’s Arcadia Group is planning to defer a series of contributions into its pension scheme in a bid to conserve cash through the coronavirus crisis.
As retailers today face the quarter-year rent deadline, Drapers provides a rundown of the rent concessions requests already put to landlords as a result of the coronavirus crisis.
More Arcadia stores to close Subscription
Arcadia Group is to close 10 further stores across the UK in the coming three months.
M&S poaches another Arcadia directorSubscription
Topshop trading director Helen Wilson is to join Marks & Spencer as head of merchandising for womenswear following her departure from the Arcadia Group.
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
Paul Price resigns as Topshop CEOSubscription
Topshop and Topman chief executive Paul Price has resigned after just over two years in the role.
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.
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.
Christmas deadline looms for Topshop loanSubscription
Sir Philip Green is said to be in a race to raise more than £300m, as a Christmas deadline to repay a loan secured against Topshop’s flagship store on London’s Oxford Street fast approaches.
Depth of Arcadia losses revealed Subscription
Embattled Arcadia Group has reported an operating loss of £138m for the 53 weeks to 1 September 2018, admitting it could require additional financing to deliver its turnaround.
Arcadia interim chairman steps downSubscription
Arcadia Group interim chairman Jamie Drummond-Smith has stepped down from his role at the business.
Arcadia brand split ‘would give focus’Subscription
Industry sources have backed the rumoured separation of Arcadia’s brands, and say the proposition would allow the group to remain competitive.
Arcadia COO David Shepherd exitsSubscription
Arcadia Group’s chief operating officer David Shepherd has stepped down from his role, after more than 25 years at the company.
Arcadia close to deal with US landlordsSubscription
Sir Philip Green is reported to be close to a resolution of the legal challenges brought against his Arcadia Group’s company voluntary arrangement by two US landlords.
Arcadia Group CVAs challenged Subscription
Arcadia Group has received applications from US property group, Vornado, to challenge two of its company voluntary arrangements (CVAs).
Topshop launches digital dating programme Subscription
Topshop has launched a digital dating programme called “Date Dash”, as part of its new creative campaign.
Topshop Beauty shifts focus Subscription
Topshop has had a change in direction for its beauty range, as it moves away from retail and begins to wholesale its products with etailers Very and Zalando, Drapers understands.
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.
Miss Selfridge’s head of merchandising, James Linsell, has left Arcadia Group to join Boohoo in the same role.
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.
Landlords seek 30% equity in Monsoon Subscription
Landlords are seeking up to a 30% equity stake in Monsoon in return for backing any company voluntary arrangement (CVA) proposals, Drapers has learned.
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.
Suppliers split on Arcadia strategySubscription
Although Arcadia Group suppliers agree that yesterday’s approval of its company voluntary arrangement (CVA) was a “fantastic” result, they are divided over whether product or property is the cause of the retailer’s woes.
Landlords ‘feared alternatives’ to Arcadia CVASubscription
Several Arcadia landlords felt forced into accepting the group’s controversial company voluntary arrangement (CVA), to stave off the threat of its collapse into administration.
Arcadia CVA pushed throughSubscription
Arcadia creditors have approved all seven of the group’s company voluntary arrangement (CVA) proposals.
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.
Arcadia suppliers fear big lossesSubscription
Arcadia Group suppliers fear they will not be paid the millions of pounds owed to them if the retailer’s company voluntary arrangement (CVA) proposals are not voted through next week, Drapers has learned.
CVAs leave 850 empty shopsSubscription
More than 850 stores totalling 6 million sq ft of retail space has become vacant as a result of company voluntary arrangements (CVAs) in the past 18 months, new data from commercial property agency Colliers International has found.
Inside Arcadia's 'farcical' CVA meeting Subscription
Arcadia Group’s company voluntary arrangement (CVA) has been branded a “farce” by landlords after the process was suspended at yesterday’s creditors’ meeting, Drapers has learned.
Landlord pushback delays Arcadia CVA voteSubscription
Arcadia Group has adjourned today’s creditors’ meeting until next week in order to “conduct further dialogue with a few landlords” with a view to securing a final decision in favour of its company voluntary arrangement (CVA) proposals.
Sir Philip Green and his family will give Arcadia Group’s pension scheme an additional £25m cash injection, helping to clear the way for a restructuring of the struggling retail empire.
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.
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.
Sir Philip Green has offered a further £185m from property assets to help reduce Arcadia Group’s pension deficit, in an effort to win approval for its company voluntary arrangement (CVA).
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.
Arcadia was once the most powerful player on the high street.
Landlords clash with Arcadia over restructuringSubscription
Landlords are dragging their heels over Arcadia Group’s restructuring and are calling for a “formal and transparent” company voluntary arrangement (CVA) proposal, industry sources have told Drapers.
Arcadia restructuring details revealedSubscription
Arcadia Group’s restructuring could be announced as early as this week, and could potentially include the sale of its international businesses and the closure of nearly 60 Arcadia stores.
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.
Landlords are likely to set a precedent with a hardball approach to Arcadia’s expected company voluntary arrangement (CVA), as they grow increasingly frustrated with retail restructurings, property sources have told Drapers.
Landlords join forces over Arcadia CVASubscription
A group of landlords including British Land and Hammerson is reported to be hiring advisers to negotiate better terms from the impending Arcadia Group company voluntary arrangement (CVA).
Sir Philip Green has pledged to invest £100m in Arcadia Group, in a final attempt to secure landlord and creditor support for its imminent restructuring, it has been reported.