Sir Philip Green's Topshop retail group 'exploring options'

Sir Philip Green's Topshop retail group 'exploring options'
 

Sir Philip Green is working on a turnaround plan for his Arcadia Group retail empire that includes Topshop and Miss Selfridge.
The billionaire's company said in a statement that it was suffering "an exceptionally challenging retail market" in the UK.
Arcadia was therefore "exploring options" to bolster the business.
The statement emphasised that there would be no store closures, and all suppliers would be paid as usual.
There were reports earlier on Friday that Sir Philip was considering a company voluntary arrangement (CVA), a form of insolvency that would enable him to... read more

 
15 March 2019 in Regional, Views: 41
Source: BBC
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