Boris Johnson today urged firms to hold off on job cuts until ‘times get better’ after John Lewis, Harrods and Topshop announced plans to close stores and axe workers as coronavirus continues to choke Britain’s high streets. The Prime Minister was confronted about a growing numbers of job losses amid the pandemic during todays PMQs, insisting the Government … Read more
Sir Philip Green fires gun on Arcadia revamp, installing two restructuring experts to the board By City & Finance Reporter for the Daily Mail Published: 21:51 BST, 11 April 2019 | Updated: 22:03 BST, 11 April 2019 Sir Philip Green has installed two restructuring experts on the board of his Arcadia retail empire Sir Philip Green has … Read more
Topshop, Burton and Dorothy Perkins owner Arcadia Group escaped administration last month after its landlords and other creditors eventually gave it the green light to do seven CVAs – one for each of its brands. The controversial (but now commonly used) restructuring process means that the High Street fashion giant owned by Sir Philip Green and … Read more
Topshop and Dorothy Perkins owner Arcadia is ‘preparing to close a huge number’ of its 550 stores as coronavirus lockdown decimates Britain’s high streets – as Debenhams faces administration Arcadia has reportedly called in accountants from Deloitte due to the shutdown It has already furloughed 14,500 of its 16,000 staff members during the crisis Debenhams … Read more
Sir Philip Green’s retail empire suspending payments to pension scheme as it tries to cling on to cash in face of coronavirus lockdown By Daily Mail City & Finance Reporter Published: 21:52 BST, 29 March 2020 | Updated: 22:16 BST, 29 March 2020 Sir Philip Green’s retail empire is suspending payments to its pension scheme … Read more