Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Arcadia to close Westfield London stores

Arcadia is set to close a raft of stores at the Westfield London shopping centre including branches of Dorothy Perkins, Wallis, Evans and Burton.

Drapers understands Arcadia chose not to renew leases on the stores. They are expected to close on 23 June. 

Following the closures the only remaining Arcadia store in the west London shopping centre will be Topshop/Topman.

Last month Arcadia’s parent company Taveta Investments reported a drop in annual sales and profits in what was described as a “disappointing” year for the business.

The group saw a 42% drop in group operaitng profit before goodwill, amortisation and exceptional items, to £124.1m for the year to 26 August 2017.

Taveta had an exceptional charge of £29m, as a result of fixed asset impairments, provision for onerous leases and revaluation of investment properties.


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.