May 1, 2019
What went wrong at Philip Green's Topshop empire?
Sir Philip Green's retail empire - which owns Topshop, Burton, Dorothy Perkins, Evans, Miss Selfridge, and Wallis - is reportedly seeking a rescue deal that would allow it to cut rents and close stores. The Arcadia Group's origins date back to 1903 and the formation of the Burton menswear chain, which grew to acquire brands such as Topshop and renamed itself Arcadia in 1998. Kate Moss has twice worked with Sir Philip on Topshop lines, while Cara Delevingne, the model-turned-actress, became the face of the brand in 2014. "Arcadia for many years has been a business with one very good brand - Topshop - and others that are somewhat past their best." More recently Arcadia faced a consumer backlash after Sir Philip faced allegations of sexual harassment - claims he strongly denies.
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