Mike Ashley’s Frasers Group confirms interest in Topshop-owner Arcadia December 10, 2020 Mike Ashley’s Frasers Group has confirmed it is considering a deal to buy some of Arcadia’s brands, including Topshop, after the Sir Philip Green-owned retail empire collapsed at the end of last month. Chris Wootton, Frasers’ chief financial officer, told the BBC the group “tends to look at almost everything on the high street”, as [...]
More than 700 high street jobs axed as Arcadia closes 31 stores January 19, 2021 Administrators to Sir Philip Green’s collapsed retail empire Arcadia are planning to close a further 31 stores by the end of this month, resulting in more than 700 job losses. The majority of the branches set to close are Outfit stores, which sold a range of Arcadia brands including Dorothy Perkins and Miss Selfridge. City [...]
Could Asos be set to offload Topshop? October 28, 2023 Asos, the ailing online fashion retailer, is exploring a sale of Topshop, less than three years after it acquired the high street brand from Philip Green’s collapsed Arcadia empire. Notice of the sale could be announced as soon as Wednesday in conjunction with the digital retailers full year results, which Asos said have been pushed [...]
Ed Miliband calls on Philip Green to plug Arcadia pensions gap December 2, 2020 Shadow Business Secretary Ed Miliband has called on Sir Philip Green to plug the pension deficit at his failed retail firm Arcadia, saying staff “shouldn’t pay the price for his greed.” Speaking to Kay Burley on Sky News this morning, the former Labour leader said that Green “owes a moral responsibility to 12,000 workers who [...]
Topshop owner Arcadia collapses putting 13,000 jobs at risk December 1, 2020 Sir Philip Green’s retail empire Arcadia, the owner of Topshop and Dorothy Perkins, has collapsed into administration, putting more than 13,000 jobs at risk. The company, which has become the biggest retail casualty of the coronavirus crisis, announced this evening that it has appointed Deloitte as administrator. More than 13,000 jobs are at risk following [...]
Mike Ashley offers Philip Green’s embattled Arcadia emergency funding November 30, 2020 Mike Ashley has offered emergency funding to fellow retail billionaire Sir Philip Green’s Arcadia empire, which is on the brink of bankruptcy. After speculation that a deal was in the offing over the weekend, Ashley’s Frasers Group today confirmed that it had offered the Topshop-owner £50m in loans. It added that should the company enter [...]
Boohoo confirms talks with Philip Green’s Arcadia over high street retail deal January 29, 2021 Boohoo has confirmed this morning it is in exclusive talks with Philip Green’s Arcadia group over the acquisition of Dorothy Perkins, Wallis and Burton. Topshop owner Arcadia collapsed at the beginning of December, launching 13,000 jobs into uncertainty and becoming the biggest retail casualty of a harsh year on the high street. Boohoo said in [...]
Next mulls bid for Sir Philip Green’s collapsed retail empire Arcadia December 18, 2020 Next is reportedly weighing up a bid for Sir Philip Green’s collapsed retail empire Arcadia with US investment firm Davidson Kempner Capital Management. The high street retailer is holding detailed discussions with Davidson Kempner about a combined offer for Arcadia, the owner of Topshop, Dorothy Perkins and Miss Selfridge, after it fell into administration last [...]
Around 2,450 high street jobs lost as Boohoo buys Arcadia brands at ‘discount price’ February 8, 2021 The sale of Dorothy Perkins, Wallis and Burton to Boohoo has put 2,450 jobs at risk, as all of the Arcadia brands’ physical stores are set to close. Deloitte, which was appointed as administrator to Sir Philip Green’s collapsed retail empire, announced today that Boohoo has bought the brands’ digital assets for £25.2m. All 214 [...]
Arcadia taking ‘appropriate steps’ amid second lockdown but denies administration November 16, 2020 Sir Philip Green’s retail empire Arcadia has said it is taking “all appropriate steps” to mitigate the impact of a second lockdown and hit back at claims it is about to enter into administration. The second lockdown in England comes at a precarious time as retailers prepared for the Christmas period hoping to salvage the [...]