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Arcadia to close 10% of stores

Posted:
25 November 2011 10:05

Top Shop and BHS owner Sir Philip Green has warned around 10% of his retail empire faces closure. The owner of Arcadia Group, which has 2,507 stores across its brands, said approximately 250 stores would not have their leases renewed when they expire within the next three years.The warning came ...read more

Arcadia suffers 40% blow to profits

Posted:
24 November 2011 10:06

Dixons Retail, which owns Currys and PC World, rose above the troubles of its rivals today, by posting an improved UK trading performance.The company, which has 640 stores in the UK and Ireland, said pre-tax losses in the UK narrowed to £3.9 million in the 24 weeks to October 15th, ...read more

Ollie & Nic rescued from administration

Posted:
22 February 2011 09:23

Vintage accessories brand Ollie & Nic has been rescued from administration by Principles founder Peter Davies. Mr Davies, Richard Sims and Chris Inman, who previously held senior roles in Arcadia and were part of the Rubicon team that undertook a management buyout of Warehouse and Principles from Arcadia in 2001, ...read more

Goodbye to Rose as M&S chairman steps down

Posted:
04 January 2011 09:30

Sir Stuart Rose ends a colourful six-year tenure with high street giant Marks & Spencer today as he steps down as chairman.The 61-year-old has had an eventful leadership, attracting both praise and criticism since he joined the retailer in 2004.Sir Stuart was revered for steering the firm to profits of ...read more

Arcadia planning to close 300 stores

Posted:
08 November 2010 09:53

Arcadia boss Sir Philip Green is considering closing around 300 smaller shops with the Arcadia empire within three years, according to a report today. Sir Philip is aiming to trim Arcadia's portfolio of 2,400 stores, which includes the Topshop brand, when leases on smaller shops come up for renewal over ...read more

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