Philip Day
This coverage examines Philip Day’s influence in the UK retail sector, spotlighting his leadership roles across brands like Edinburgh Woollen Mill. Reporting delves into his acquisitions, turnaround efforts, financial strategies, and impact on retail operations. Designed for executives, investors, and retail professionals tracking senior leadership and strategic change in heritage and value retail.
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Jul- 2020 -27 JulyClothing & Shoes
Arcadia on verge of launching restructuring process
Arcadia is reportedly set to launch a restructuring process just a year after it pushed from a CVA proposal, as it battles to overcome the challenges presented by the coronavirus pandemic. According to the Sunday Times, the retail group owned by Sir Philip Green has presented a cost-cutting plan to…
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15 JulyPeople Moves
Karen Mackay appointed Wilko CFO
Wilko has announced the appointment of Karen Mackay as group chief financial officer and executive board director. Mackay joins Wilko from Optegra International Limited where she has been group chief financial officer for the last five years. She will succeed Alex Russo, who was appointed CFO and executive director of…
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2 JulyClothing & Shoes
Arcadia to cut 500 head office jobs
Arcadia has revealed it is set to cut around 500 head office roles due to the impact of the coronavirus pandemic. The group reportedly informed staff in an email on Wednesday around a fifth of its 2,500 head office staff would be affected by the restructuring. Reports suggest that the…
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Apr- 2020 -22 AprilBusiness Bites
Will there be coronavirus help for small company directors who are paid by dividend?
The financial plight of limited company directors has been raised by the Tory chairman of the Treasury select committee. Mel Stride, a former Treasury minister, said chancellor Rishi Sunak needs to view company directors as a tranche of people who have ‘slipped through the net’ of all the other largesse…
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Mar- 2020 -13 MarchAnalysis
BT’s boss catches it, markets rebounding, pain medication prices spike
Today I am going to rattle through a wider selection of stories than normal because the spread of the virus is hitting so many sectors hard, with key figures in the business community affected. The markets are recovering some of their losses this morning after having their worst selloff since…
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Feb- 2020 -25 FebruaryNews
Barclay brothers’ children in Ritz hotel ‘bugging’ scandal
A legal feud between the Barclay brothers’ families has come to light after a court heard Sir Frederick had private conversations recorded by his twin brother’s son in the Ritz hotel in London. Frederick, 85, and his daughter Amanda claimed Sir David’s three sons were “parties” to the secret recording…
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21 FebruaryHigh Street
Phillip Day’s Peacocks acquires Bonmarché
Embattled high street retailer Bonmarché has been sold to Peacocks, part of Phillip Day’s Edinburgh Woollen Mill Group (EWM). According to Drapers, Peacocks has acquired around 200 stores and is in talks with landlords or whether it can acquire the remaining sites. Bonmarché has a store count of around 270.…
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5 FebruaryPeople Moves
Wilko appoints Jerome Saint-Marc as its first CEO
Home and garden needs retailer Wilko appointed Jerome Saint-Marc as its first ever CEO to help “lead the business forward”. Wilko said Saint-Marc will deliver the “day to day leadership, energy and alignment” around Wilko’s strategic repositioning to reinvent the company’s customer proposition to take on a stronger product-focussed orientation…
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Dec- 2019 -11 DecemberAnalysis
Small business owners dip into personal wealth to survive? Of course they do
We are living through an era where there is much discussion about capitalism, taxes, executive pay and so on. Is Philip Green a monster for raiding the BHS coffers when they were his to raid? Is the pay of a city CEO morally acceptable when his lowest paid workers are…
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Nov- 2019 -4 NovemberHigh Street
Sir Philip Green in talks with lenders to raise £300m before Christmas
Arcadia owner Sir Philip Green is reportedly in talks with specialist lenders about acquiring a £300m loan before Chritsmas in order to pay off the loan secured against Arcadia’s flagship Oxford Street Topshop store. According to the Sunday Times, to meet the repayment deadline next month Green is in talks…
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