BHS to leave Oxford Street flagship store September 9, 2015 It could soon be the end of an era for BHS as the ailing department chain's new owners move closer to a deal that could see it leave its Oxford Street flagship altogether. Retail Acquisitions, a consortium comprising an eclectic mix of investors including former racing driver Dominic Chappell, is in talks to sell the [...]
Sir Philip Green shrugs off profits drop at Topshop parent group Arcadia November 25, 2014 Sir Philip Green has shrugged off Arcadia's decline in full year profits, highlighting how the Topshop parent group is adapting to the “fast changing” demands of the retail industry. The group, which owns Topman, Miss Selfridge, Dorothy Perkins, Burton and Wallis as well as Topshop, reported a 3.4 per cent drop in pre-tax profits [...]
David Shaw to chair Mayfair’s Pollen Estate July 5, 2015 MAYFAIR landlord The Pollen Estate has appointed the head of The Crown Estate’s Regent Street portfolio, David Shaw, as chairman. The Pollen Estate owns 43 properties on some of London’s most sought-after shopping streets including Savile Row and Bond Street, with tenants including jeweller Chopard. It has some 120 beneficiaries, including The Crown Estate, which [...]
Arcadia strikes deal to launch Topshop and Miss Selfridge in mainland China August 13, 2014 Sir Philip Green's high street retailers Topshop and Miss Selfridge will debut in China next month through a deal with local online partner ShangPin.com. The deal between Green's Arcadia Group and online department store ShangPain will take the two retailers to consumers in 400 cities across the country. This is the first time [...]
Sir Philip Green poised for BHS sell-off March 9, 2015 Update: This deal has now gone through. Read the full details here. Sir Philip Green (pictured above with TV star Holly Willoughby )is understood to be close to agreeing a deal to sell troubled department store chain BHS in a move that would break up his Arcadia empire. American hedge fund Apollo’s retail fund [...]
More than 100 business bosses back vote for Tory government March 31, 2015 THE BOSSES of BP and the Prudential have today joined more than 100 of their fellow senior executives in declaring support for a Tory-led government in a letter published in the Daily Telegraph. The business leaders, who signed in a personal capacity, said that the present government has supported investment and job creation. “We believe a [...]
Sir Philip Green lets go of loss-making BHS for £1 only March 13, 2015 Struggling retail chain BHS is to be sold for £1 after almost 15 years in the possession of billionaire Arcadia chairman Sir Philip Green. The iconic chain of department stores was founded in 1928 by American entrepreneurs seeking emulate the success of Woolworths. But the company has declined in recent years as it lost market [...]
BHS sale spells break-up of Philip Green’s empire January 26, 2015 SIR PHILIP Green is looking to sell a chunk of the vast retail empire he has built up over the last 15 years after receiving several takeover approaches for the struggling department store group BHS. Green bought the chain – then known as British Home Stores – for £200m in 2000 from retail conglomerate Storehouse, [...]
Sir Philip Green sells BHS to Retail Acquisitions March 12, 2015 Sir Philip Green has sold BHS to Retail Acquisitions today for an undisclosed sum. Arcadia boss Green had owned the downmarket department store for nearly 15 years. The 171-store retailer is thought to have been loss-making for some time, though Green said it was being “handed over in a sound financial position, with significant [...]
Sir Philip Green and Sir Charles Dunstone’s PR Christmas toast at The&Partnership Mark’s Club party December 9, 2014 It's barely a year old, but media agency The&Partnership, headed up by adman Johnny Hornby and backed by WPP, enjoyed a starstudded, if low-key, Christmas drinks party on Monday night at Mark’s Club in Mayfair. Sir Charles Dunstone, had the chance to catch up with Arcadia’s Sir Philip Green, having partied together for Dunstone’s 50th [...]