Arcadia news and archive

Sir Philip Green launches ‘radical review’ of Arcadia

Retail tycoon Sir Philip Green has called in advisers from Deloitte to launch a ‘radical review’ of Arcadia, as the fashion group risks losing 100 stores when their leases come to an end in late 2020, the Telegraph reported. Arcadia, which owns Topshop and has closed more than 200 of its stores since 2016, has seen a prolonged dip in sales and...

Report

Topshop Topman end franchise agreement with China's Shangpin

Sir Philip Green’s Arcadia, the parent company of Topshop and Topman has terminated its franchise agreement with its Chinese partner Shangpin. A spokesperson at Topshop Topman said in a statement: “The British fashion brands and Chinese franchise partner, Shangpin, have reached a mutual agreement to an early termination. Topshop Topman and...

Report

Sir Philip Green considers selling Arcadia to Shandong Ruyi

Sir Philip Green may be considering sale of all or part of his Arcadia Group, reports The Sunday Times. The report added that the Topshop-owner is believed to be negotiating with Chinese textile major Shandong Ruyi. However, according to The Daily Telegraph, Frank Field, the chairman of the influential work and pensions select committee, is...

Fashion Featured

Topshop taking a break from London Fashion Week

British high street chain Topshop will be “taking a pause” from the London Fashion Week schedule this season, the retailer has confirmed. The brand said in a short statement: “Topshop will be taking a pause from the London Fashion Week schedule this season. The brand remains committed to the development and support of emerging and established...

People

Topshop and Topman name global design director

Arcadia’s flagship brands Topshop and Topman has named Anthony Cuthbertson as global design director. Cuthbertson, who was most recently design director of Just Cavalli and previously served as the creative director of Australian denim and contemporary label Sass and Bide, will join the fashion retail group on January 2. His focus will be on...

PeopleFeatured

Karren Brady to chair Arcadia’s parent company

Baroness Karren Brady, the boss of West Ham United and a judge on reality TV show The Apprentice, has been appointed as non-executive chairman of Taveta, the parent company of Sir Philip Green’s fashion retailer empire Arcadia. Brady will replace Lord Grabiner as non-executive chairman immediately, as he has announced that he is stepping down...

Management|UPDATE

Topshop slashes half of its stores in Australia

Sir Phillip Green’s flagship brand will be shuttering down half of its stores in Australia, as the business struggles to find a viable alternative for its financial struggles. Topshop Australian subsidiary fell into administration back in May, having its administrators closed five of its underperforming stores in the last weeks. Those closures...

Report

Phillip Green's fashion emporium resents from 16 percent profit loss in 2016

Profits have fallen at Sir Philip Green’s fashion emporium. Concisely, Topshop’s owner’s holding company is still resenting from the collapse of BHS, having noted a 16 percent decrease in annual profits for 2016. Taveta Investments, a holding which includes the billionaire’s Topshop, Dorothy Perkins and Miss Selfridge brands, is expected to...

RetailFeatured

Sir Philip Green to offer 1,000 BHS staff jobs at Arcadia

Sir Philip Green is to offer 1,000 jobs to former BHS employees at his Arcadia empire. The move comes after Green was questioned by MP's during a parliamentary hearing and promised to address the 571 million pound pension deficit that affects 20,000 former and current staff. Sir Philip apologised to the staff of the collapsed retailer and said:...

Fashion Featured

Beyoncé’s Ivy Park accused of using ‘slave labour’

London - Beyonce’s sportswear line Ivy Park, which is sold by Topshop, has been accused of using “sweat shop labourers” who earn as little as 4.30 pounds a day. The Sun on Sunday reported that the clothing range, which Beyoncé launched to help “support and inspire women,” is being made by seamstresses in Sri Lanka who are earning just 44 pence...

BusinessFeatured

Former Sir Phillip Green’s executive joins bidding race for Bhs

Sir Philip Green is reportedly on the brink of disaggregating his Arcadia fashion empire. The British fashion mogul is said to have been talking to a number of private equity firms which have would approached him recently regarding a sale of his Bhs department store chain. With the rumour fleshing up, a new face joins the bidding race: Tony...

Fashion Featured

UKTI and CBBC sign deal to support British retailers launching in China

UK Trade & Investment (UKTI) and the China-Britain Business Council (CBBC) have signed a joint memorandum of understanding (MoU) with ShangPin to support British retailers launching in China through Shangpin.com. The announcement comes two months after Arcadia's Topshop joined forces with ShangPin for it's official launch into the Chinese...