Overseas bidders lead the race to buy Topshop: Chinese and Americans favourite to secure Arcadia crown jewel Topshop is set to fall into foreign hands following the collapse of Sir Philip Green’s High Street empire Chinese fast fashion giant Shein and US investment firm Authentic Brands appear to be going head to head Arcadia collapsed … Read more
Next quits frenzied bidding war for Topshop admitting it cannot match rival bids By Daily Mail City & Finance Reporter Published: 21:51 GMT, 21 January 2021 | Updated: 21:51 GMT, 21 January 2021 Next has pulled out of the race for Topshop following a frenzied bidding war for the jewel in Sir Philip Green’s Arcadia … Read more
Arcadia administrators are set to permanently shut another 31 of the fashion group’s stores by the end of January, with the loss of 714 more jobs. Sir Philip Green’s Arcadia retail empire collapsed into administration at the start of December. Arcadia, which once consisted of 444 UK retail chain stores including Topshop, Miss Selfridge, Dorothy … Read more
Fashion giant Next tipped as ‘frontrunner’ in race to buy Sir Philip Green’s Topshop empire, ahead of reported deadline for bids By Daily Mail City & Finance Reporter Published: 21:50 GMT, 17 January 2021 | Updated: 21:50 GMT, 17 January 2021 Fashion giant Next has been tipped as the ‘frontrunner’ in the race to buy … Read more
A black teenager has won £16,000 after a tribunal ruled Topshop bosses were racist for calling her ‘thick’ and she was ‘earning a lot of money for someone like her’. Shaniqua McKenzie, who was 16 at the time, was asked by her bosses at a Topshop in Wimbledon, London, how her grandma could afford to … Read more
Topshop has mounted a discounting frenzy with items on sale on its website for as little as £1 as the former High Street favourite desperately tries to shift stock. Tops are on sale for £2.40 and blouses for £6, two weeks after the chain’s parent company Arcadia owned by retail tycoon Sir Philip Green sank … Read more
Mike Ashley ready to pounce on Topshop AND Debenhams: Sports Direct billionaire in talks to mount a parallel rescue By Matt Oliver For The Daily Mail Published: 21:50 GMT, 10 December 2020 | Updated: 21:50 GMT, 10 December 2020 Mike Ashley’s Frasers Group has revealed it could still buy Arcadia brands such as Topshop as it … Read more
As the Goliaths of the high street tumble like a flimsy line of dominos, it’s tempting to think they are all suffering from the same affliction, but there’s a great difference between last week’s most high-profile victims – Arcadia’s Topshop and Debenhams. I was interviewed by the BBC as news of the collapse of Philip … Read more
Arcadia, the collapsed retail group behind Topshop and Dorothy Perkins, has a lucrative pension fund that has been paying former executives up to £1million a year, The Mail on Sunday can reveal. The £400million scheme – which was set up in the 1970s and is now falling into the hands of the Pension Protection Fund … Read more
TopShop and other Arcadia stores will only now accept gift cards as half of any purchase as group goes into administration with 13,000 workers facing the axe TopShop and other Arcadia stores stopped accepting gift cards online Even when used in stores they can only cover half the cost of a purchase Administrators are not … Read more