WebFeb 1, 2024 · The online fashion retailer Asos is the new owner of Topshop and other leading brands from Sir Philip Green’s Arcadia empire after a £330m deal that puts thousands of … WebIt was all taking its toll on the shining star of the Arcadia Group. Last year, Topshop lost a staggering £500 million ($1.1 billon), around half of that was a writedown in the firm’s ...

Topshop Parent Arcadia Could File for Administration Next Week ...

WebWithin ten years Topshop would open stores across the pond, while protesters targeted Oxford Street accusing Sir Phillip Green of avoiding his tax obligations. This was perhaps the first crack in Arcadia Group’s foundations. By 2024 Topshop and Topman saw their full-year pre-tax losses build to £505.1 million, a freefall from £3.9 million ... WebJun 21, 2024 · The rise (and ultimate fall) of the Arcadia Group started in the early 1900s, when a Lithuanian émigré, Montague Burton, arrived in Britain and set up his eponymous menswear business in Chesterfield, England. A move to womenswear came in 1946, with the acquisition of the Peter Robinson chain, followed by Topshop – which was launched as a ... mmwarburg corporate finance

Topshop owner’s collapse is

Arcadia Group Ltd (formerly Arcadia Group plc and, until 1998, Burton Group plc) was a British multinational retailing company headquartered in London, England. It was best known for being the previous parent company of British Home Stores (BHS), Burton, Dorothy Perkins, Debenhams, Evans, Miss Selfridge, … See more Early history and pre-WW2 era The Arcadia Group has its origins in the firm founded by 18-year-old Lithuanian immigrant Montague Burton in Chesterfield in 1903 as The Cross-Tailoring Company. Burton's initial … See more Arcadia's brands, including Dorothy Perkins, were mainly supplied by International Clothing Designs, a company owned by Philip Green's long-time friend Richard Caring, owner of the Annabel's nightclub. All of Arcadia's … See more • Official website See more BHS The Green family bought BHS for £200m in 2000, and it became part of the Arcadia Group in 2009, before being sold in 2015 for £1 to Dominic Chappell. By the time of its sale to Chappell, the company had a … See more WebNov 30, 2024 · 30 November 2024. BoF PROFESSIONAL. Topshop’s giant flagship store on a corner of London’s bustling Oxford Circus is a monument to its heyday as the coolest … WebNov 30, 2024 · Published November 30, 2024. Arcadia Group, the retail empire of British tycoon Philip Green and parent company of fashion chain Topshop, has gone into administration, the British equivalent of ... mm warrington