Arcadia
This coverage examines the rise and collapse of the Arcadia Group and its impact on the UK retail landscape. Reporting focuses on the company’s store portfolio, brand management (including Topshop, Burton, Dorothy Perkins, Miss Selfridge and more), pivotal business decisions, administration process, and asset sales. Insight is tailored for retail executives, managers, and advisers seeking lessons in legacy brand management, crisis response, and evolving high‑street dynamics.
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Feb- 2021 -19 FebruaryHigh Street
Arcadia owed creditors £800m upon collapse
Arcadia, the owner of Topshop, Dorothy Perkins, and Miss Selfridge, reportedly owed £800m to its creditors upon its collapse in November. According to documents seen by the Guardian, the group’s debts were propped up by a pension deficit of £510m when Big Four accountancy firm Deloitte were called in to…
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18 FebruaryClothing & Shoes
Topshop collapse hits creditors with £176m loss
Topshop and Topman creditors are reportedly facing losses of £176m since the demise of Sir Phillip Green’s Arcadia, according to The Telegraph. Suppliers from countries such as China and Turkey have been hit the hardest financially as the fashion empire gets wound up. In total, creditors are owed £219m but…
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15 FebruaryHigh Street
Arcadia asset sale gives pension holders new hope
Workers who were saving pensions at Sir Phillip Green’s Arcadia Group have reportedly been told that their savings can be recovered following the sale of property assets at the collapsed company. According to The Guardian, trustees of the Arcadia pension scheme have secured £173m to help fund their retirement through…
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12 FebruaryClothing & Shoes
Boohoo seeks larger London office following acquisition spree
Online fashion retailer Boohoo is reportedly seeking a larger London office following its recent acquisition spree that saw its purchases of a number of Arcadia brands and the Debenhams brand. According to the Evening Standard, Boohoo is looking to upgrade from its current London office in Euston Tower to a…
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10 FebruaryComment
Has the pandemic driven a permanent shift in consumer behaviour?
New Era If anyone was in any doubt about the future of retail, the purchase of Debenhams by Boohoo has surely sealed the deal. When an online-only retailer can snap up one of the UK’s high street stalwarts – and refuse to take either the physical stores or the warehouse…
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10 FebruaryHigh Street
Arcadia employees press for legal action
Law firm Simpson Millar has been contacted by over 30 former Arcadia employees looking to press legal action against the retailer after their jobs were lost through the nature of the group’s takeover. Last week saw Asos snap up Topshop, Topman, and Miss Selfridge for £265m, while online retailer Boohoo…
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8 FebruaryOnline & Digital
Boohoo snaps up remaining Arcadia brands
Boohoo has confirmed that it has acquired the remaining brands from fallen retail empire Arcadia, in a move that will see the Burton, Dorothy Perkins and Wallis brands added to the online retailer’s portfolio. Following a £25.2m transaction, the group will acquire all of the e-commerce and digital assets of…
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4 FebruaryProperty
Retail landlords charged nearly £1bn in rates on empty shops
Retail landlords have handed over almost £1bn to English Councils in business rates since the onset of the pandemic despite the current holiday, research from the Altus Group has found. The government, which has invested more than £280bn in business support during the last year, gave premises in those sectors…
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2 FebruarySupermarkets
Aldi looks to onboard redundant Arcadia and Debenhams staff
Aldi is calling for those affected by the fall of the Arcadia and Debenhams retail empires to apply for a position in its store as it aims to create 4,000 jobs across Britain this year. The discount supermarket, which has over 900 UK sites said that it would very much…
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1 FebruaryClothing & Shoes
Asos acquires Topshop and Miss Selfridge for £265m
Asos has confirmed it has acquired the Topshop, Topman, Miss Selfridge and HIIT brands for a total of £265m, following mass speculation that the Arcadia brands would be snapped up by the online retailer. The group said the acquisition marks a “compelling strategic opportunity” in support of its aim to…
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