Arcadia Group news and archive

Arcadia reportedly in talks to close one billion pound pension fund

New reports have stated that Arcadia Group’s pension trustees are close to securing a deal to ensure its retirement scheme payments are pushed through two years after the company collapsed. According to Sky News, pension trustees of the former Topshop owner are in detailed discussions with insurance company Pension Insurance Corporation (PIC)...

Business

Arcadia separates Topshop and Topman logistics from rest of group

Arcadia has reportedly separated the logistics operations for Topshop and Topman from the rest of the group’s fashion brands. The Philip Green-owned group has opened a new automated warehouse dedicated to processing orders for Topshop and Topman in Daventry, Northamptonshire, according to The Times. Topman orders are reportedly already being...

Fashion

Topshop and Topman land at Shop Direct

Shop Direct has added Arcadia Group-owned Topshop and Topman to its portfolio of more than 500 fashion brands. The company, which owns Very.co.uk and Littlewoods.com, is offering around 500 product lines, spanning clothing, footwear, accessories, maternity, petite and tall - this will expand to around 2,000 during AW19. It will also become the...

Business

Vornado raises questions over Arcadia debt issues

Fashion Network has reported that Vornado, a U.S. landlord, has raised questions over Phillip Green and his Arcadia Empire over the manipulation of a CVA vote by increasing its debt owed to suppliers. Arcadia Group just narrowly escaped collapse last week when its unsecured creditors voted to approve a company voluntary agreement. Arcadia Group...

People

Beyoncé switches Ivy Park from Arcadia Group to Adidas

American popstar Beyoncé has joined forces with German sportswear label Adidas. She will be a creative partner for the brand, helping them to design new products in the footwear and apparel categories. She will also re-launch her athleisure label Ivy Park with Adidas, after parting ways with former partner Arcadia Group in November, following...

People

Telegraph allowed to reveal all accusations against Sir Philip Green

The High Court has formally dropped Sir Philip Green’s injunction against The Telegraph, allowing the British newspaper to publish allegations of sexual and racial harassment against employees of the Arcadia Group, the fashion conglomerate at which Green serves as Chairman. In October, the newspaper said it had evidence of bullying, intimidation...

Fashion Featured

IN FOCUS: Beyonce x Topshop's Ivy Park

London - Grammy winning, recording artist Beyonce, has unveiled her first collection for her much awaited athleisure brand, namely Ivy Park. Created in collaboration with high street favourite Topshop, the collection includes over 200 items, inspired by sportswear favored by the artist, ranging from clothing to footwear and accessories. BREAKING...

Business|REPORT Featured

Arcadia Group profit ahead of last year but LFL sales decline

Reporting results for the year ended August 29, 2015, Arcadia Group said that total group operating profit before goodwill and exceptional items stood at 251.6 million pounds (379.3 million dollars) compared to 238.4 million pounds (359.4 million dollars) last year. Total sales of were 2,069.3 million pounds (3,117.9 million dollars) against...

Apparel

Arcadia Group to enter the Indian market

Sir Philip Green, owner of Arcadia Group, has his sights set on entering the India market as part of the global expansion phase for his labels. Dorothy Perkins is the first brand from his portfolio to launch in the country, with the group introducing DP S/S ' 14 product range online with Indian retailer Jabong.com. The website currently stocks...

Fashion

Topshop eyes China and India

Topshop may soon have standalone stores in China. With a challenging home market, Sir Philip Green has said he is looking to China and India to grow the Topshop and Topman brands.Green said Asia “has got to be on our radar”, and that it was a “fantastic opportunity for us”. Sir Philip said that although the group “had not tackled Asia yet”, he...