Dorothy Perkins

25 May 19
News Archives Uk

Sir Philip Green will close 25 more stores than expected as hundreds more jobs will be lost. Hours after announcing new shock shutdowns, the Arcadia tycoon climbed into Monte Carlo's Richie Akiva's boat yesterday. Earlier this week, Arcadia announced plans to close 23 Burton, Dorothy Perkins and Topshop stores and endanger 520 jobs. And yesterday […]

25 May 19
The Sun
DISGRACED retail mogul Philip Green’s Arcadia Group plans to shut 25 more Miss Selfridge and Evans stores – putting another 500 jobs at risk. On Thursday the firm confirmed it was planning on closing 23 stores which put 520 jobs at risk. Sir Philip Green’s Arcadia Group is now closing a further 25 shops And today’s announcement is likely to send shockwaves through the company with a total of 1,020 jobs now in danger. Shops earmarked for closure include those belonging to popular high street brands such as Dorothy Perkins, Burton, Topshop and Topman. And the latest round of closures will hit clothing stores Evans and Miss Selfridge. Six Miss Selfridge shops are set to shut. CLOSURE The retail group’s proposals will also see rent cut at another 194 outlets. The company is using Company Voluntary Arrangements (CVAs) in a bid to save the retail empire – but stakeholders will have to agree on plans first. It also plans to shut all 11 of its Topshop and Topman stores in the United States. Arcadia chief executive Ian Grabiner confirmed the planned closure of the shops while blaming “changing consumer habits” and “online competition.” [quote credit=”Ian Grabiner”]This has been a tough but necessary decision for the business.[/quote] He said: “Against a backdrop of challenging retail headwinds, changing consumer habits and ever-increasing online competition, we have seriously considered all possible strategic options to return the group to a stable financial platform. “This has been a tough but necessary decision for the business. “We will ensure all potentially affected colleagues are kept fully informed as we seek approval from our creditors on today’s CVA proposals.” It comes as M&S announced 25 branch closures, adding to 110 already announced by the retail chain. Earlier this week, Jamie Oliver’s restaurant empire announced it was going in administration. FORTUNE HALVED Sleazy tycoon Green is estimated to have lost his billionaire status with his fortune believed to have halved in a year amid a series of explosive scandals. The Sunday Times Rich List has his fortune free-falling £1.05billion in a year to £950million because of a pension black hole in his “crumbling” Arcadia empire. But the plummet still places Sir Philip and wife Tina at 156th on the list, down from joint 66th some 12 months earlier. It comes after sustained criticism against Sir Philip and calls for him to lose his knighthood. He was lambasted over the collapse of BHS, affecting 11,000 jobs, 19,000 pension holders and leaving a £571million in the pension scheme. [article-rail-section title=”MOST READ IN NEWS” posts_category=”316″ posts_number=”6″ query_type=”popular” /] The businessman, who sold the department store chain to Dominic Chappell for £1 before it plunged into administration, agreed to pay £363million towards the deficit. Sir Philip has also faced a slew of allegations, including of groping a female executive and making a racial slur at an employee. The Croydon-born entrepreneur denied his behaviour was criminal or amounted to gross misconduct. We pay for your stories! Do you have a story for The Sun Online news team? Email us at tips@the-sun.co.uk or call 0207 782 4368. You can WhatsApp us on 07810 791 502. We pay for videos too. Click here to upload yours.
25 May 19
The Scottish Sun
DISGRACED retail mogul Philip Green’s Arcadia Group plans to shut 25 more Miss Selfridge and Evans stores – putting another 500 jobs at risk. On Thursday the firm confirmed it was planning on closing 23 stores which put 520 jobs at risk. Sir Philip Green’s Arcadia Group is now closing a further 25 shops And today’s announcement is likely to send shockwaves through the company with a total of 1,020 jobs now in danger. Shops earmarked for closure include those belonging to popular high street brands such as Dorothy Perkins, Burton, Topshop and Topman. And the latest round of closures will hit clothing stores Evans and Miss Selfridge. Six Miss Selfridge shops are set to shut. CLOSURE The retail group’s proposals will also see rent cut at another 194 outlets. The company is using Company Voluntary Arrangements (CVAs) in a bid to save the retail empire – but stakeholders will have to agree on plans first. It also plans to shut all 11 of its Topshop and Topman stores in the United States. Arcadia chief executive Ian Grabiner confirmed the planned closure of the shops while blaming “changing consumer habits” and “online competition.” [quote credit=”Ian Grabiner”]This has been a tough but necessary decision for the business.[/quote] He said: “Against a backdrop of challenging retail headwinds, changing consumer habits and ever-increasing online competition, we have seriously considered all possible strategic options to return the group to a stable financial platform. “This has been a tough but necessary decision for the business. “We will ensure all potentially affected colleagues are kept fully informed as we seek approval from our creditors on today’s CVA proposals.” It comes as M&S announced 25 branch closures, adding to 110 already announced by the retail chain. Earlier this week, Jamie Oliver’s restaurant empire announced it was going in administration. FORTUNE HALVED Sleazy tycoon Green is estimated to have lost his billionaire status with his fortune believed to have halved in a year amid a series of explosive scandals. The Sunday Times Rich List has his fortune free-falling £1.05billion in a year to £950million because of a pension black hole in his “crumbling” Arcadia empire. But the plummet still places Sir Philip and wife Tina at 156th on the list, down from joint 66th some 12 months earlier. It comes after sustained criticism against Sir Philip and calls for him to lose his knighthood. He was lambasted over the collapse of BHS, affecting 11,000 jobs, 19,000 pension holders and leaving a £571million in the pension scheme. [article-rail-section title=”MOST READ IN NEWS” posts_category=”2″ posts_number=”6″ query_type=”popular” /] The businessman, who sold the department store chain to Dominic Chappell for £1 before it plunged into administration, agreed to pay £363million towards the deficit. Sir Philip has also faced a slew of allegations, including of groping a female executive and making a racial slur at an employee. The Croydon-born entrepreneur denied his behaviour was criminal or amounted to gross misconduct. We pay for your stories! Do you have a story for The Sun Online news team? Email us at tips@the-sun.co.uk or call 0207 782 4368. You can WhatsApp us on 07810 791 502. We pay for videos too. Click here to upload yours.
25 May 19
Lowmiller Consulting Group Blog

Sir Philip Green’s retail empire Arcadia will close twice as many stores as it announced earlier this week. Arcadia, with brands including Topshop, Burton and Dorothy Perkins, initially announced 23 stores would close as part of a plan to rescue the struggling business. Now it has emerged that a further 25 stores will shut, under […]

25 May 19
Nouvelles Du Monde

Copyright de l'image Getty Images Légende Les dernières fermetures concerneront principalement les magasins Evans ainsi que six magasins Miss Selfridge. L'empire de vente au détail de Sir Philip Green, Arcadia, fermera deux fois plus de magasins qu'il l'avait annoncé plus tôt cette semaine. Arcadia, avec des marques telles que Topshop, Burton et Dorothy Perkins, a […]

25 May 19
howesdubai.com

Cruel Summer                                                  21 May 2019 According to Property Finder, there are 136 Dubai projects, encompassing more than 43k residential units, with an expected completion date by the end of 2019: there is also a further 4.1k from 18 other projects, ready for completion by September 2020. Of this total, 33.4 k were apartments, 4.6k villas […]

24 May 19
Archy Worldys

Arcadia Group, the London-based owner of fast-fashion chain Topshop Topman, said it was facing “unprecedented” market conditions in the retail sector. Like other brick-and-mortar retailers, the company blamed heated online competition and shifting shopping habits for its woes. Amazon (AMZN), discount retailers such as TJMaxx (TJX) and new brands like Everlane have put pressure on […]

24 May 19
FOX 61

In another sign of traditional retailers’ struggles, Topshop plans to close all 11 of its US stores as its parent company seeks to restructure after filing for bankruptcy protection. Arcadia Group, the London-based owner of fast-fashion chain Topshop Topman, said it was facing “unprecedented” market conditions in the retail sector. Like other brick-and-mortar retailers, the […]

24 May 19
fox5sandiego.com

In another sign of traditional retailers’ struggles, Topshop plans to close all 11 of its US stores as its parent company seeks to restructure after filing for bankruptcy protection.

24 May 19
Fort Smith/Fayetteville News | 5newsonline KFSM 5NEWS

(CNN) — In another sign of traditional retailers’ struggles, Topshop plans to close all 11 of its US stores as its parent company seeks to restructure after filing for bankruptcy protection. Arcadia Group, the London-based owner of fast-fashion chain Topshop Topman, said it was facing “unprecedented” market conditions in the retail sector. Like other brick-and-mortar […]

24 May 19
Arcynewsy

Arcadia Group, London owner of the Topshop fast-fashion chain Topman, said it was facing "unprecedented" market conditions in the retail sector. Like other retailers, the company blamed online competition and shifted buying habits for its problems. Amazon (AMZN), discount retailers like TJMaxx (TJX) and new brands like Everlane have put pressure on the fast-fashion retail […]

24 May 19
This is Casey How Can I Help.

Just a short outfit update for the remainder of the week. It has been a very long week I’m feeling pretty tired. However adventures ahead because I’m off work next week. #topofthestairsselfie For Wednesday I opted for my red, white and black strawberry print shirt (Dorothy Perkins), my black button up skirt (H&M), brought in […]

24 May 19
Footwear News

The retailer may also hold liquidation sales as soon as this weekend.