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27-11-2020, 09:28 AM | #1 | |||
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Phillip Green not able to save it. [Sir Philip Green's retail empire is facing collapse within days, putting 15,000 jobs at risk and bringing the curtain down on the high street career of one of Britain's most controversial businessmen. Sky News has learnt that Arcadia Group - which owns TopShop, Burton and Dorothy Perkins - is preparing to appoint administrators from Deloitte as soon as next week. One retail industry figure said Arcadia's collapse had become inevitable after talks with a number of lenders about an emergency £30m loan ended without success.] https://news.sky.com/story/greens-to...-days-12143752
https://www.bbc.co.uk/news/business-55099374 Last edited by arista; 30-11-2020 at 08:12 PM. |
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27-11-2020, 11:41 PM | #2 | |||
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27-11-2020, 11:42 PM | #3 | |||
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27-11-2020, 11:43 PM | #4 | |||
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28-11-2020, 12:03 PM | #5 | |||
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Mike Ashley has offered a £50million
emergency loan to Arcadia. City Editor SkyNewsHD |
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28-11-2020, 12:14 PM | #6 | |||
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POW! BLAM!
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It's a shame for the people who'll lose their jobs, but I'm not gonna shed any tears for a big fat company going down...
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28-11-2020, 12:24 PM | #7 | |||
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30-11-2020, 08:11 PM | #8 | |||
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Last edited by arista; 30-11-2020 at 08:13 PM. |
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30-11-2020, 08:19 PM | #9 | |||
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Likes cars that go boom
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How did he manage this? In 20yrs the burton group has gone from high street royalty to nothing. He ran the place into the floor.
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30-11-2020, 10:54 PM | #10 | |||
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Queen of Walford
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Can only speak for topshop really but it went from being one of my go to clothes shops when I was about 16 and then the quality just dropped and the prices stayed high. I can't say I've been in there or even looked at their site for about 3 years
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01-12-2020, 12:16 AM | #11 | |||
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Likes cars that go boom
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True, I worked both in the warehouse and in stores in the early 90s and you were proud to do so, it's so sad for me to see the decline.
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01-12-2020, 03:59 AM | #12 | |||
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self-oscillating
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i feel really sorry for the staff. The writing has been on the wall for at least 10 years, covid just finished it off. Green is a deeply unpleasant person.
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01-12-2020, 04:38 AM | #13 | |||
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Quand il pleut, il pleut
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...this is so sad, such an end of an era...Arcadia Group and specifically Topman has such a huge personal family meaning and significance for me and was the first of its kind to bring high street fashion to males in a way that had previously been very female focused...and as Kizzy said, it was built with such pride in its achievement and success and worked with some amazing world fashion designer names...sadly, none of that pride ever transferred to Philip Green and over time, the group has gone from strength to weakness......very, very sad...
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01-12-2020, 10:29 AM | #14 | |||
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Yes Sad end to the many stores
Arcadia the root of the slow decline. |
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