Sir Philip sells £500m stake in Topshop brand December 6, 2012 SIR PHILIP Green has sold a 25 per cent stake in his family’s Topshop empire to a US private equity firm in a deal that values the successful high street chain at £2bn. Arcadia, the retail tycoon’s holding company, confirmed yesterday it has sold off a £500m stake in its prized Topshop and Top Man [...]
Retail gloom as UK stays at home February 17, 2013 SHOPPERS have been deserting the UK’s struggling retailers since the start of the year, adding to gloom in the sec- tor as sales fall for the first time in years and well-established firms col- lapse into administration. Total UK retail footfall sunk 4.6 per cent over the year to January, data from the British Retail [...]
Topshop tycoon says retail must raise its game November 21, 2012 ARCADIA yesterday posted a 25 per cent surge in profits as its billionaire owner Sir Philip Green told retailers to stop moaning about the economic downturn and get on with it. “We’ve got to trade. I can’t keep listening to all these people making it up as they go along,” Green said yesterday at his [...]
Topshop seals US future with J Crew owner December 4, 2012 RETAIL magnate Sir Philip Green is close to selling a stake in his family’s fast-growing Topshop fashion empire to a US private equity firm. Sir Philip is in advanced talks to sell up to 25 per cent of his family’s interest in high street labels Topman and Topshop, in a deal which values the two [...]
Sir Philip’s relationships pay off as US suitors flock to star brands December 4, 2012 STRUGGLING UK retailers beware. This US interest in Sir Philip’s Topshop empire shouldn’t be read as a vote of confidence in Britain’s beleaguered high street. No – this is a vote of confidence in one man (and his family business) alone. Topshop’s meteoric rise over the past 15 years or so from identikit high street [...]
Arcadia profits fall by 38pc November 24, 2011 Arcadia, the Topshop-to-Bhs British retail group owned by billionaire Philip Green, added to the bad news coming from the UK high street, posting a 38 per cent fall in year profit and a further deterioration in recent trading as mild weather deterred winter clothing purchases. The group, which also owns the Topman, Burton, Dorothy Perkins, [...]
Arcadia profits fall by 38pc November 24, 2011 Arcadia, the Topshop-to-Bhs British retail group owned by billionaire Philip Green, added to the bad news coming from the UK high street, posting a 38 per cent fall in year profit and a further deterioration in recent trading as mild weather deterred winter clothing purchases. The group, which also owns the Topman, Burton, Dorothy Perkins, [...]
Analysts sceptical after ailing JJB Sports appoints new chief July 30, 2012 RETAIL ANALYSTS were sceptical yesterday after JJB Sports appointed a former director of the troubled lingerie chain La Senza as interim chief executive, as the sports group fights to turn itself around. Beverley Williams, a former commercial director and co-chief executive of La Senza, joins the business with immediate effect following Keith Jones’ exit last [...]
Profits set to shrink at Sir Philip Green’s Arcadia November 20, 2011 THE EMBATTLED retail sector will claim a fresh casualty this week when Arcadia Group, the conglomerate that includes Topshop, Dorothy Perkins and BHS, reveals that its profit has plunged by a third. Billionaire chief executive Sir Philip Green is expected to report that pretax-profits at Arcadia have fallen to around £140m for the year to [...]
Profit of £4m suits sellers of Moss Bros stake May 29, 2012 A TRUST headed by menswear chief Simon Berwin yesterday sold its stake in Moss Bros – the once ailing suit hire firm formerly owned by Sir Philip Green. The investment consortium landed a £4m profit, selling its 28 per cent stake for 43p a share, compared to a purchase price of just below 29p when [...]