Retail news

• Philip Green profile: from 'zero to hero' and back again

  29-11-2020 20:31
  
  ‘King of the high street’ will forever be associated with the downfall of BHS – and now very possibly ArcadiaSir Philip Green is most at home in a grey tracksuit pacing the decks of his £100m superyacht Lionheart floating in the tax haven of Monaco shouting into one, two or sometimes even three mobile phones simultaneously.It is where he is this weekend ahead of what looks the end of the road for his Topshop fashion empire. And it is where the Guardian found the former se
  
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• Philip Green: 'from zero to hero – and back again'

  29-11-2020 20:31
  
  ‘King of the high street’ will forever be associated with the downfall of BHS – and now very possibly ArcadiaSir Philip Green is most at home in a grey tracksuit pacing the decks of his £100m superyacht Lionheart floating in the tax haven of Monaco shouting into one, two or sometimes even three mobile phones simultaneously.It is where he is this weekend ahead of what looks the end of the road for his Topshop fashion empire. And it is where the Guardian found the former se
  
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• Philip Green urged to plug pension shortfall before Arcadia administration

  29-11-2020 20:04
  
  Topshop and Burton owner expected to enter administration within hours The Arcadia boss, Sir Philip Green, is under pressure from MPs and unions to use his private fortune to “make good” the huge shortfall in his retail empire’s pension scheme ahead of the company’s expected collapse into administration.The owner of household names including Topshop, Topman, Miss Selfridge, Dorothy Perkins and Burton is expected to enter administration in the coming hours after the weeken
  
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• Philip Green urged to plug pension gap before Arcadia administration

  29-11-2020 20:04
  
  Topshop and Burton owner expected to enter administration within hours The Arcadia boss, Sir Philip Green, has come under pressure from MPs and unions to use his private fortune to “make good” the huge shortfall in his retail empire’s pension scheme ahead of the company’s expected collapse into administration.The owner of household names including Topshop, Topman, Miss Selfridge, Dorothy Perkins and Burton is expected to enter administration in coming hours after the week
  
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• The Guardian view on Arcadia and a retail emergency: where's the plan? | Editorial

  29-11-2020 19:25
  
  Philip Green’s fashion empire is the latest on the brink of collapse. The government must address the crisis for bricks-and-mortar stores
  Arcadia is a figurative region of rural contentment. Perhaps no other business has been so inappropriately named as Arcadia Group, which owns Topshop, Burton and Wallis. This week it is likely to enter administration, offering a cautionary tale. Sir Philip Green, Arcadia’s driving force, used cost-cutting to boost profits. Financial engineering saw
  
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• HMRC could narrowly lose out in expected Arcadia collapse

  29-11-2020 19:20
  Topshop owner prepares for administration but Tuesday’s new ‘crown preference’ rules make the timing crucial for creditors
  
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• Philip Green's Arcadia group expected to file for administration within hours

  29-11-2020 18:44
  
  Topshop and Burton owner’s collapse, seven months into Covid pandemic, would put 13,000 jobs at riskArcadia is expected to enter administration in the coming hours after the weekend failed to bring a last-minute rescue deal for Sir Philip Green’s retail giant.The appointment of administrators by the owner of household names including Topshop, Topman, Miss Selfridge, Dorothy Perkins and Burton would be the biggest corporate failure of the pandemic. Continue reading...
  
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• Pressure builds on Philip Green over future of Arcadia pension scheme

  29-11-2020 15:42
  Concern for 10,000 members of retirement fund, which has estimated £350m deficit
  
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• Arcadia issues could have knock-on effect for JD Sports’ Debenham takeover talks

  29-11-2020 11:47 via retailgazette.co.uk
  // Exclusive talks between JD Sports and Debenhams come to an end without a deal
  // Possibility of administration at Debenhams’ biggest concession holder Arcadia would bring new raft of issues for department storeJD Sports are thought to be winding down talks with administrators at Debenhams, after a period of exclusivity ended without an agreement to save the department store.
  Discussions to save Debenhams from collapse intensified this week after it emerged Arcadia could appoint administ
  
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• Marks & Spencer said to be considering an offer for Jaeger and Austin Reed

  29-11-2020 11:09 via retailgazette.co.uk
  // M&S directors said to be looking into snapping up trio of brands from Philip Day
  // Reports come after Jaeger makes cuts to store and staff numbers in wake of administrationMarks & Spencer directors are looking into the possibility of buying Jaeger, Austin Reed and Jacques Vert according to the Mail on Sunday.
  The discussions are understood to have involved buying the trio of brands from parent company Edinburgh Woollen Mill owner Philip Day.
  Jaeger fell into administration earlier th
  
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• Mike Ashely’s Frasers Group reportedly working on £50m rescue loan for Arcadia

  29-11-2020 10:32 via retailgazette.co.uk
  // Frasers Group said to offer £50m emergency loan for Arcadia
  // Sir Philip Green’s Arcadia Group retail empire could appoint administrators next week
  // Green family called on to “make good” on estimated £350m pensions fund deficit if group does fall into administrationMike Ashley’s Frasers Group is believed to be working on a £50 million rescue package for Arcadia Group in order to keep the retail giant float, according to Sky News.
  With widespread re
  
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