Topman

22 May 19
Aberdeen Bugle

via http://bit.ly/2VKB5S2 Stores set to close in Scotland include Dorothy Perkins and Burton in Aberdeen, Burton and Topman in Glasgow and Dorothy Perkins and Burton in … https://ift.tt/eA8V8J

22 May 19
Aberdeen Bugle

via http://bit.ly/2VZ0zzV A total of 23 stores owned by Sir Philip Green’s Arcadia group – including four in Scotland – are to close, putting 520 jobs at risk. The company’s … https://ift.tt/eA8V8J

22 May 19
Aberdeen Bugle

via http://bit.ly/2VZ0zzV The company’s Dorothy Perkins and Burton branches in Aberdeen and Burton and Topman stores in Glasgow are among those set to shut, along with … https://ift.tt/eA8V8J

22 May 19
The Scottish Sun
PHILIP Green’s Arcadia Group has announced it will close 23 stores across the UK putting 520 jobs on the line. We have the full list of the stores that are closing. Find out if your local one is affected. Philip Green and is wife Tina Green Which stores are closing down Shops earmarked for closure include those belonging to popular high street brands such as Dorothy Perkins, Burton, Topshop and Topman. 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. Arcadia chief executive Ian Grabiner confirmed the planned closure of the shops while blaming “changing consumer habits” and “online competition.” 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.” A total of 23 stores in the Arcadia Group are closing down The stores that are closing Aberdeen (Dorothy Perkins/Burton Menswear) Ashton Under Lyne (Topshop Topman) Bedford (Topshop Topman) Cheshunt (Outfit) Bluewater (Miss Selfridge) Fareham (Topshop Topman) Glasgow – Buchanan Street (Burton Menswear/Topman) Luton (Topshop Topman) Newcastle upon Tyne – Northumberland Street (Outfit) Nuneaton (Topshop Topman) Reading (Dorothy Perkins/Burton Menswear) Salisbury (Topshop Topman) Southend (Miss Selfridge) Stirling (Dorothy Perkins/Burton Menswear) Swindon (Miss Selfridge/Wallis/Evans) Swindon (Dorothy Perkins/Burton Menswear) York (Dorothy Perkins/Burton Menswear) Cork (Dorothy Perkins/Evans) Dublin – St Stephen’s Green (Topshop/Miss Selfridge) Dublin – Jervis (Topshop Topman) Dublin – Henry Street (Evans/Wallis) Dublin – Liffey Valley (Wallis); Galway (Miss Selfridge) Around 520 jobs are on the line It comes as M&S announced 25 branch closures, adding to 110 already announced by the retail chain. Yesterday, Jamie Oliver’s restaurant empire announced it was going in administration. [article-rail-section title=”MOST READ IN NEWS” posts_category=”141″ posts_number=”6″ query_type=”popular” /] 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. [bc_video video_id=”6006558215001″ account_id=”5067014667001″ player_id=”default” embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” max_width=”640px” width=”100%” height=”100%” caption=”Karren Brady steps down as chairman of Sir Philip Green’s business empire after Topshop tycoon ‘sex harassment’ allegations”]
22 May 19
The Sun
PHILIP Green’s Arcadia Group has announced it will close 23 stores across the UK putting 520 jobs on the line. We have the full list of the stores that are closing. Find out if your local one is affected. Philip Green and is wife Tina Green Which stores are closing down Shops earmarked for closure include those belonging to popular high street brands such as Dorothy Perkins, Burton, Topshop and Topman. 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. Arcadia chief executive Ian Grabiner confirmed the planned closure of the shops while blaming “changing consumer habits” and “online competition.” 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.” A total of 23 stores in the Arcadia Group are closing down The stores that are closing Aberdeen (Dorothy Perkins/Burton Menswear) Ashton Under Lyne (Topshop Topman) Bedford (Topshop Topman) Cheshunt (Outfit) Bluewater (Miss Selfridge) Fareham (Topshop Topman) Glasgow – Buchanan Street (Burton Menswear/Topman) Luton (Topshop Topman) Newcastle upon Tyne – Northumberland Street (Outfit) Nuneaton (Topshop Topman) Reading (Dorothy Perkins/Burton Menswear) Salisbury (Topshop Topman) Southend (Miss Selfridge) Stirling (Dorothy Perkins/Burton Menswear) Swindon (Miss Selfridge/Wallis/Evans) Swindon (Dorothy Perkins/Burton Menswear) York (Dorothy Perkins/Burton Menswear) Cork (Dorothy Perkins/Evans) Dublin – St Stephen’s Green (Topshop/Miss Selfridge) Dublin – Jervis (Topshop Topman) Dublin – Henry Street (Evans/Wallis) Dublin – Liffey Valley (Wallis); Galway (Miss Selfridge) Around 520 jobs are on the line It comes as M&S announced 25 branch closures, adding to 110 already announced by the retail chain. Yesterday, Jamie Oliver’s restaurant empire announced it was going in administration. [article-rail-section title=”MOST READ IN NEWS” posts_category=”327″ posts_number=”6″ query_type=”popular” /] 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. [bc_video video_id=”6006558215001″ account_id=”5067014667001″ player_id=”default” embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” max_width=”640px” width=”100%” height=”100%” caption=”Karren Brady steps down as chairman of Sir Philip Green’s business empire after Topshop tycoon ‘sex harassment’ allegations”]
22 May 19
Aberdeen Bugle

via http://bit.ly/2VZ0zzV The company’s Dorothy Perkins and Burton branches in Aberdeen and Burton and Topman stores in Glasgow are among those set to shut, along with … https://ift.tt/eA8V8J

22 May 19
The Irish Sun
TWENTY-THREE of Topshop’s flagships stores around the country are set to close as UK owner Philip Green tries to rescue his Arcadia business. Topshop, Topman and Miss Selfridge shops in Dublin and Galway are earmarked for closure. Topshops in Dublin and Galway are closing down in the new move Other stores under the clothing giant include Dorothy Perkins, Evans and Wallis which will close in Cork and Dublin. In total, 520 jobs are under threat from the recent announcement. As well as that 13 of the UK retail outlets are shutting their doors while 11 Topshop and Topman shops will be no more in the US. According to the Irish Independent, chief executive of Arcadia Group, Ian Grabiner, 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.” The new steps are seen as a last attempt by the Arcadia Group to prevent going into administration. [boxout headline=”LIST OF IRISH SHOPS CLOSING”]Dublin, Henry Street: Evans, Wallis Dublin, St Stephen’s Green: Topshop, Miss Selfridge Dublin, Jervis shopping centre: Topshop, Topman Dublin, Liffey Valley: Wallis Cork: Dorothy Perkins, Evans Galway: Miss Selfridge [/boxout] Daniel Butters, partner at Deloitte, said: “Arcadia and its portfolio of iconic fashion brands have faced unprecedented market conditions in recent years, which have significantly impacted the group’s financial performance. [article-rail-section title=”MOST READ IN MONEY” posts_category=”20″ posts_number=”6″ query_type=”popular” /] “These CVAs will provide a stable platform for Arcadia’s experienced and committed leadership team to implement its turnaround plan and ensure the long-term sustainability of the group.” The shops will “continue to trade as normal” until the group’s meeting with creditors on June 5 where they will propose the closure plan. 75 per cent of the creditors will have to approve the plan for it to go ahead.
22 May 19
Chris Toledo MX

British retail tycoon Philip Green’s Arcadia Group said on Wednesday it planned to close 23 of its 566 stores in the UK and Ireland in a major restructuring of the fashion business that could also see its Topshop/Topman stores close in the U.S.. Source on Reuters.com

22 May 19
The Netherlands Breaking News

The Netherlands Breaking News: Marko verliest vriend Lauda: “Bestaat geen tweede zoals hij” – GPUpdate.net. Marko verliest vriend Lauda: “Bestaat geen tweede zoals hij”  GPUpdate.net Red Bull-topman Marko heeft het moeilijk met overlijden ‘vriend’ Lauda | NU – Het laatste nieuws het  NU.nl Marko reageert op overlijden ‘goede vriend’ Lauda  Racingnews365 Saward: ‘Lauda was lomp, lastig, egoïstisch en […]

22 May 19
Metro
Sir Philip Green, the owner of Arcadia Group Ltd (Picture: Bloomberg/Getty) Sir Philip Green’s retail empire confirmed it will close 23 shops, putting 520 jobs at risk. The stores will include Dorothy Perkins, Burton, Topshop and Topman. It’s part of a rescue proposal for Arcadia Group which will see rent cut at another 194 outlets. Arcadia chief executive Ian Grabiner 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.’ All of the retailer’s 11 Topman and Topshop stores in the US are also set to close. (Picture: Bloomberg/Getty) Arcadia has 566 stores in the UK and Ireland. It said it had instigated seven Company Voluntary Arrangements (CVAs), a mechanism that will allow the business to avoid insolvency. All of the retailer’s 11 Topman and Topshop stores in the US are also set to close. As part of the plan, Lady Green, wife of Sir Philip and ultimate owner of Arcadia, has offered landlords a 20% stake of any proceeds if the group is eventually sold. Daniel Butters, partner at Deloitte, said: ‘Arcadia and its portfolio of iconic fashion brands have faced unprecedented market conditions in recent years, which have significantly impacted the group’s financial performance. ‘These CVAs will provide a stable platform for Arcadia’s experienced and committed leadership team to implement its turnaround plan and ensure the long-term sustainability of the group.’ Speculation began early this year that Sir Philip would look to either sell off the company or close stores. The latest news comes just weeks after Sir Philip failed to appear on the Sunday Times Rich List for the first time in 17 years. He is no longer a billionaire, according to the paper, with his reputation left damaged by the 2016 collapse of BHS, which resulted in the loss of 11,000 jobs. [metro-fact-box id=”8027376″ title=”Got a story for Metro.co.uk?” icon=”exclamation” /]
22 May 19
News Archives Uk

Sir Philip Green's Arcadia Group has announced plans to close 23 stores and endanger more than 520 jobs through a rescue plan. Dorothy Perkins, Burton, Topshop and Topman Stores are all scheduled for closure. According to the proposals of the trade group, the rent in other 194 branches is lowered, reports the press association. Ian […]

22 May 19
The Netherlands Breaking News

The Netherlands Breaking News: Red Bull-topman Marko heeft het moeilijk met overlijden ‘vriend’ Lauda | NU – Het laatste nieuws het eerst op NU.nl – NU.nl. Red Bull-topman Marko heeft het moeilijk met overlijden ‘vriend’ Lauda | NU – Het laatste nieuws het eerst op NU.nl  NU.nl Topadviseur Helmut Marko van Red Bull Racing heeft het […]