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Topshop owner Philip Green plans to close 23 stores in Arcadia rescue

1 month ago   |   By The Guardian

Group, which has 566 UK and Irish stores, is asking for rent cuts to help save the business Full list: the Arcadia shops set to close Sir Philip Green plans to close 23 UK stores with the loss of 520 jobs as part of a financial rescue plan for his retail empire, which takes in Topshop , Dorothy Perkins, Miss Selfridge, Wallis, Evans and Burton. The company is also asking landlords to accept rent cuts on up to 194 of its 566 UK and Irish stores in a rescue package that will involve the closure of all Topshop's 11 US stores.
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Arcadia CVA plans under fire from Pensions Regulator

Arcadia CVA plans under fire from Pensions Regulator

1 month ago   |   By Drapers

Arcadia's proposals to close stores and slash rent bills as part of a “comprehensive” turnaround plan have been met with criticism from the Pensions Regulator.
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