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Nov 30, 2020 · Nov. 30, 2020. Arcadia Group, the British retail company owned by Philip Green that includes the Topshop clothing chain, has gone into administration, a form of bankruptcy, the company said Monday ...
Nov 30, 2020 · We would like to show you a description here but the site won’t allow us.
Dec 2, 2020 · On the other hand, EBITDA plunged 40 per cent year-on-year, dropping from £137 million in 2017 to £76 million in 2018. Arcadia Group also saw turnover drop by 4.5 per cent year-on-year to £1.8 ...
Nov 30, 2020 · In 2015, it was the fourth-biggest fashion retailer, but this year it has fallen to 10th place, falling by 1.8% to hold just 2.7% of the market, research firm GlobalData reports. Competition on price is another factor in the Arcadia Group’s decline. Topshop and its sister brands sit firmly in fashion’s squeezed middle.
Nov 30, 2020 · Arcadia Group, the British retail empire run by Philip Green, was placed into a type of bankruptcy protection on Monday, putting around 13,000 jobs at risk.
Nov 30, 2020 · The group narrowly avoided bankruptcy last year, embarking on a major restructuring, but the pandemic blew apart its turnaround plans. Arcadia’s value has plummeted 40 percent this year, according to estimates from Euromonitor International — more than double the estimated 18 percent decline of the overall UK apparel and footwear market.
Nov 30, 2020 · Frasers Group, the company led by British retail billionaire Mike Ashley that owns brands such as Sports Direct and Slazenger, said Monday that Arcadia had declined a “lifeline loan” of up to ...
