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Topshop owner Philip Green plans to close 23 stores in Arcadia rescue

Topshop owner Philip Green plans to close 23 stores in Arcadia rescue

Publicerat av Tony Harkén torsdag, 23 maj 2019.

Group, which has 566 UK and Irish stores, is asking for rent cuts to help save the business.

Sir Philip Green plans to close 23 UK stores with the loss of 520 jobs as part of a financial rescue plan for his retail empire, which takes in Topshop, Dorothy Perkins, Miss Selfridge, Wallis, Evans and Burton.

The company is also asking landlords to accept rent cuts on up to 194 of its 566 UK and Irish stores in a rescue package that will involve the closure of all Topshop’s 11 US stores.

Read more at - Topshop owner Philip Green plans to close 23 stores in Arcadia rescue

Publicerat av

Tony Harkén

storbrittanien

Klockan i Storbritannien

GB - Time
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