Philip Green news and archive

Philip Green's retail empire suffers dramatic loss

Sir Philip Green’s Arcadia Group has suffered an unprecedented loss of 169 million pounds, as the ailing business narrowly avoided a collapse in June this year. Accounts filed by Arcadia’s holding company Taveta Investments Ltd showed turnover fell 4.5 percent to 1.81 billion pounds, while operating profit fell to 78.1 million pounds from 124.1...

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Fashion

Recap: the biggest fashion controversies of 2018

Some people say any publicity is good publicity. These fashion companies probably hope that is true, considering they made headlines in 2018 for what many would deem the wrong reasons. Without further ado, here are the biggest controversies to have shaken the fashion world this year. Size matters In January, Victoria Beckham’s namesake label was...

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Fashion

Beyonce buys out Ivy Park clothing line from Philip Green

Beyonce has bought out Philip Green from her Ivy Park line after allegations of his sexual misconduct. Beyonce had teamed with the billionaire owner of the Arcadia group in 2014 to create her popular athletic streetwear line, which ultimately launched in 2016 via the Arcadia Group’s Topshop. The ownership of Ivy Park was originally a 50-50...

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Report

Remaining BHS stores to close

BHS is to close its remaining stores in the UK within the next four weeks, Sky News has reported. The move will possibly cost 5,000 jobs. The department store chain fell into administration this past April. According to Sky News, administrators are expected to announce the closure of the last 114 stores on Monday. The BHS debacle, which saw...

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Retail

Sir Philip Green to offer 1,000 BHS staff jobs at Arcadia

Sir Philip Green is to offer 1,000 jobs to former BHS employees at his Arcadia empire. The move comes after Green was questioned by MP's during a parliamentary hearing and promised to address the 571 million pound pension deficit that affects 20,000 former and current staff. Sir Philip apologised to the staff of the collapsed retailer and said:...

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Management

Thousands of jobs at risk as BHS seeks rent cut for viable stores

The owners of struggling British high-street retailer, British Home Stores (BHS) may have to shut a quarter of its current stores if landlords are unwilling to work with them on a rescue deal to lower store rental fees, which places numerous jobs at risk. Together with advisor KPMG, BHS has proposed a radical restructuring of its store estate in...

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Trends

Kate Moss x Topshop

Topshop has unveiled the full Kate Moss comeback collection for spring/summer 2014 ahead of its eager anticipated launch on April 30. The collection which is seen as more “luxurious” is divided into four design categories: Balearic dressing, pyjama dressing, cocktail hour and tailoring noir, and for the first time the collection will also be...

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Apparel

Topshop eyes mainline China

Arcadia’s fashion chain Topshop is eyeing further locations in mainline China following the opening of its Hong Kong store last week. The British retailer is reportedly scouting out locations in Beijing and Shanghai as it pushes ahead with its assault on Greater China. Owner Philip Green has been quoted that he is meeting with landlords to scout...

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Apparel

Topshop to go down under

Sir Philip Green is set to conquer his third continent with plans to take Topshop into Australia. The fashion billionaire has taken charge of the expansion and is in talks with a retail landlord to secure a store in central Sydney which could lead to a roll out across the country. Sir Philip opened Topshop's first overseas store on Broadway, New...

Fashion

Topshop named retailer of the year

From the global retail industry, National Retail Federation (NRF) picked high street fashion chain Topshop for this years International Retailer of the Year NRF Annual Award. The exact criteria isn’t published, but the NRF selects the winner for its excellence nationally and internationally. Owner of Arcadia Group Sir Phillip Green was presented...