British retail tycoon Philip Green's Arcadia Group said on Wednesday it pla...
LONDON - 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..
Arcadia, which also runs fashion retailers Wallis, Miss Selfridge, Dorothy Perkins, Evans, Burton and Outfit, said it had instigated seven Company Voluntary Arrangements , mechanisms that allow the business to avoid insolvency. CVAs have been adopted by UK retailers including fashion chain New Look, floor coverings group Carpetright, mother-and-baby goods firm Mothercare and department store Debenhams.
As part of the CVA proposals Philip Green’s wife Tina, the group’s shareholder, will invest a further 50 million pounds of equity into Arcadia to support its turnaround.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Something blue, something green: what couples need to know about money before marriage5 steps to a financial happily ever after.
Weiterlesen »
Analysis | The Technology 202: Democrats criticize FCC's green light on Sprint and T-Mobile mergerThe Technology 202: Democrats criticize FCC's green light on Sprint and T-Mobile merger
Weiterlesen »
Trump's Tariffs Are Half-Hamiltonian: The Missing Half is the Green New DealTrump's trade policies can be justified, but only if accompanied by a national development strategy here at home. The Green New Deal is that strategy.
Weiterlesen »
The Netherlands becomes first triple-A rated sovereign to launch green bondThe Netherlands became on Tuesday the first AAA-rated sovereign to offer investo...
Weiterlesen »
SEAL Team 6 member pleads guilty in Green Beret's deathA member of the Navy's elite SEAL Team 6 has pleaded guilty as part of a plea deal for his role in the death of Army Staff Sgt. Logan Melgar.
Weiterlesen »
Queen Elizabeth II just gave Kate Middleton 'Dame Grand Cross' insignia. Here's what that meansKate joins other royals like Prince Philip in receiving the honor.
Weiterlesen »
China’s desert-taming “green Great Wall” is not as great as it soundsChina wants to promote its desert-taming expertise around the world
Weiterlesen »
The green ripple in British politicsThe purported 'green wave' may soon break on the rocks of Britain's electoral system
Weiterlesen »
Inslee releases $3 trillion jobs plan centered on clean energy, green infrastructure“You can't approach this on a halfsies deal,” says 2020 hopeful JayInslee, who says there's no middle ground on climate change. 'It is not the real world to think Mitch McConnell is going to embrace a major effort to mobilize against the climate crisis.”
Weiterlesen »
A Green New Deal ignites an old red scareWith climate change, we’re all in this together. Or is that just what a socialist would say?
Weiterlesen »