taveta investments news and archive

Karren Brady resigns as Chair of Taveta Investments

After refusing to step down as Chair of Taveta Investments a fortnight ago saying she had a “sense of duty” towards Sir Philip Green’s retail empire, Karren Brady has now put in her papers, reports The Guardian. She had earlier refused to resign following accusations of sexual harassment against Green. The report added that a statement from...

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Topshop reveals a 10.9 million pounds loss for the year to August 2017

London - High street fashion retailer Topshop has reported a 10.9 million pounds loss for the year to August 2017, as an increasing number of fashion retailers struggling amidst difficult trading conditions. Topshop saw its profits slip from 59.4 million pounds in 2016 to a loss in 2017, according to accounts filed by its parent company, Arcadia...

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Annual sales and profit plummet at Taveta Investments

Taveta Investments Ltd., parent of fashion retailers including Topshop, Topman and Miss Selfridge reported a decline in profit from continuing operations to 71.6 million pounds (96.7 million dollars) against 139.1 million pounds (187.8 million dollars) for the year to August 2017, due to slowdown in sales and an exceptional charge from onerous...