Philip Green
This coverage examines Philip Green’s role, influence, and decisions within the UK retail industry. Reporting includes analysis of leadership actions, business strategies, corporate governance, and the impact of his stewardship on high street brands and the wider retail landscape. Relevant for professionals interested in executive leadership, corporate restructuring, and retail legacy narratives.
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Feb- 2021 -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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Jan- 2021 -27 JanuaryHigh Street
Arcadia collapsed owing creditors £750m
Philip Green’s retail empire, Arcadia, reportedly fell into administration while owing its creditors £750m. The debts, first reported by the Telegraph, largely comprised Topshop’s gross liabilities of over £550m, with Outfit also owing £80m. The figure, which is believed to exclude the group’s unsecured debt to HMRC surrounding its retirement…
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25 JanuaryM&A
Asos joins the Topshop race
Asos has emerged as a contender to acquire Topshop, just days after highstreet retailer Next was forced to pull out of the race. In an update to the London Stock Exchange, the digital fashion retailer confirmed that it was in “exclusive talks” with Arcadia administrators to purchase the Topshop, Topman,…
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22 JanuaryM&A
Next pulls out of Arcadia race
Next has allegedly withdrawn from the race to acquire Arcadia Group, after the store was unable to meet the price tag for Topshop and Topman. According to The Times, Topshop, which is one of Acardia’s most coveted brands, was said to be valued between £250m and £300m – a sum…
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18 JanuaryHigh Street
Next in the lead for Arcadia Group
High street retailer Next is allegedly the lead bidder in the race to buy Arcadia Group out of administration, The Sunday Times reports. Next, which is headed by Simon Wolfson, is said to be bidding for the group with US hedge fund Davidson Kempner. However, the pair face competition from…
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Nov- 2020 -30 NovemberComment
Arcadia Collapse: What went wrong?
Once a titan of UK retail, the collapse of Arcadia 10 years ago would have come as a shock to everyone on the high street, whereas in 2020, the road to its demise has been mapped for some time and has now finally reached its end – with its rivals…
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30 NovemberClothing & Shoes
Frasers Group offers £50m to Arcadia Group
Frasers Group has confirmed that it has offered Arcadia Group a rescue loan of up to £50m, amid news that Sir Philip Green’s empire is on the brink of collapse. The retail group may reportedly decline the offer, however, as a senior Arcadia Group source told the BBC: “If this…
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16 NovemberClothing & Shoes
Arcadia Group enters ‘urgent’ borrowing talks
Arcadia Group, the parent company of Topshop, has reportedly entered “urgent” borrowing talks in a bid to secure funding and “aid its survival prospects”. According to Sky News, the group, owned by Sir Philip Green, has sought several potential lenders in its efforts to borrow around £30m to support the…
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Sep- 2020 -28 SeptemberHigh Street
Arcadia Group to put Burton HQ on the market
Sir Philip Green has reportedly put Burton’s former London headquarters on the market, according to The Sunday Times. The owner of Arcadia Group has drafted in agents from BNP Paribas to bring the Tottenham Court Road site to market for an asking price of £80m. The move follows rising pressure…
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14 SeptemberHigh Street
Arcadia Group ‘extremely sorry’ amid notice pay U-turn
Arcadia Group has agreed to pay the full salaries of head office staff facing redundancy, after backtracking on its initial plan to pay staff their furloughed salaries. Arcadia, whose high street brands include Topman, Topshop and Dorothy Perkins, initially planned to pay head office staff 50% of their notice pay,…
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