Retail news

• Philip Green tries to stop Topshop group falling like a house of cards

  04-05-2019 17:00
  After the failure of restructuring plans, the owner of the Arcadia brands is at the mercy of landlords and pension fund trusteesSir Philip Green is battling to rescue his Topshop empire from collapse and time is running out.The billionaire’s Arcadia group, which employs about 19,000 people, is desperate to secure a rescue restructure that will involve the closure of about 50 of the group’s 570 British stores. Continue reading...
  
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• Burberry scraps plans to build factory in Leeds

  04-05-2019 07:00
  Company’s enthusiasm for building new manufacturing site waned after Brexit vote Burberry has scrapped plans for a new factory to produce its trademark trenchcoats in Leeds. The site had been the centrepiece of a vaunted £50m investment in its British manufacturing base.The luxury brand announced the ambitious plan in 2015 but has now confirmed that the 4-hectare (10-acre) site in Leeds is to be sold off after several years of stalling in the wake of the Brexit vote. The scheme was t
  
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