Business 23 May 2019 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.com/news/business-48378669 Read more about sharing. These are external links and will open in a new window Close share panel Sir Philip Green grabbed women's breasts and slapped their bottoms, a peer has claimed.Lord Hain told the House of Lords that staff had made … [Read more...] about Sir Philip Green ‘grabbed women’s breasts’
Sir philip green
News / Business by Press Association 22/05/2019, 6:49 pm Updated: 22/05/2019, 6:57 pm Send us a story Sign up to our Daily newsletter Sir Philip Green’s Arcadia Group has announced proposals to close 23 of its stores, putting 520 jobs at risk. The retail tycoon’s empire put forward a rescue plan which will see the closure of Dorothy Perkins, Burton, Topshop and Topman stores. Outfit, Miss Selfridge, Wallis and Evans stores have also been earmarked for closure. It is another blow to Sir Philip, coming weeks after he lost his billionaire status according to the latest Sunday Times Rich List. UK Arcadia Group closures: – Aberdeen (Dorothy Perkins and Burton) – Ashton-under-Lyne (Topshop and Topman) – Bedford (Topshop and Topman) – Bluewater, Kent (Miss Selfridge) – Cheshunt (Outfit) – Fareham (Topshop and Topman) – Glasgow, Buchanan Street (Burton and Topman) – Luton (Topshop and Topman) – … [Read more...] about Which of Sir Philip Green’s Arcadia stores are set for closure?
Sir Philip Green's Arcadia Group has announced it will close 23 of its 566 stores in the UK, putting 520 jobs at risk. Under the restructure, Burton, Dorothy Perkins and Topshop stores have been earmarked for closure. The firm will also slash rent at another 194 outlets. Arcadia said it has also kick-started a process which could result in the closure of its Topshop and Topman stores in the United States. Arcadia chief executive Ian Grabiner said the move was a "tough but necessary decision for the business". He said: "Against a backdrop of challenging retail headwinds, changing consumer habits and ever-increasing online competition, we have seriously considered all possible strategic options to return the group to a stable financial platform. "This has been a tough but necessary decision for the business. "We will ensure all potentially affected colleagues are kept fully informed as we seek approval from our creditors on today's CVA proposals." It comes … [Read more...] about Sir Philip Green’s Arcadia Group to close 23 stores
Sir Philip Green is poised to press the button on a radical restructuring of his retail empire and hand landlords a substantial chunk of the business. The retail tycoon is expected to launch a company voluntary arrangement (CVA) as soon as Wednesday afternoon in a move to close Arcadia stores and reduce the rent bill. Arcadia's brands include Topshop, Miss Selfridge, Wallis, Dorothy Perkins and Evans. It is thought Sir Philip has offered landlords about £50m in cash to update the stores and a sizeable stake in the business. He had originally offered landlords a 10pc stake in the empire but big property companies such as Hammerson and Intu have been pushing for close to 40pc. Sir Philip has... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register … [Read more...] about Sir Philip Green pushes button on radical Arcadia restructuring
Sir Philip Green is preparing to launch a company voluntary arrangement (CVA) restructuring of his Arcadia retail empire. The plans, which are expected to be announced by the end of the week, would see landlords handed a shareholding of more than one-third of the business, Sky News reported. Arcadia, which owns high street brands such as Topshop, Burton and Dorothy Perkins, would shutter dozens of stores, seek rent cuts and lower pension scheme contributions if the proposals get the green light. This breaking news story is being updated as more information emerges - please refresh the page for the most recent version. To keep on top of the biggest news stories as they happen, follow @CityAM on Twitter. You can also sign up for our newsletter alerts for updates throughout the day. … [Read more...] about Sir Philip Green prepares to launch Arcadia restructuring plan