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Which shops are part of the Arcadia group?
Topshop,Topman, Miss Selfridge and HIIT In another example of a digital giant acquiring part of the Arcadia empire, Asos in early February said it had inked a deal to buy some of the crown jewels in the Arcadia fashion group.
What shops fall under Arcadia?
Topshop (sold to ASOS)
Which brands are owned by Arcadia?
The Arcadia Group, which owned the Topshop, Topman, Dorothy Perkins, Wallis, Burton, Miss Selfridge and Evans brands, was a mid-market fashion powerhouse controlled by the controversial fashion tycoon Sir Phillip Green.
Can you use Arcadia vouchers in Debenhams?
Arcadia has confirmed gift vouchers and cards will still be accepted in stores and online – but can now only be used to cover 50 per cent of the total spend. Debenhams has also confirmed it will still be accepting gift cards, with no such spending limit.
Is Arcadia going bust?
Arcadia Group collapses into administration. The collapse of Sir Philip Green’s retail empire leaves 13,000 jobs hanging on a thread. It becomes just another corporate failure from COVID-19. The retail empire operates from 444 UK sites and 22 overseas.
Is River island owned by Arcadia?
River Island is a London-headquartered high street fashion brand, which operates in a number of worldwide markets. Set up in 1948, by Bernard Lewis and his brothers in London. River Island is a private company owned by the Lewis family.
Why did Arcadia Group fail?
Earlier this week, Arcadia Group fell into after blaming the Covid-19 pandemic for “severely impacting” sales across its stable of brands. Administrators from Deloitte will comb through Arcadia Group’s books to see what value is left in Green’s retail empire.
Who is buying Arcadia group?
The deal includes the brands and online businesses, but not the 214 shops nor 2,450 workers employed in them. It completes the sell-off of Sir Philip Green’s once mighty Arcadia group which fell into administration last year.
Is River Island Arcadia group?
Interest in the Arcadia brands – in particular its Topshop jewel in the crown which has a £200 million price tag, according to reports – is understood to have been high, with names in the frame including online group Boohoo (which is widely seen as favourite to land Topshop), Next, Marks & Spencer, River Island and now …
Is Burton’s still trading?
All of Dorothy Perkins, Wallis and Burton’s stores are set to permanently close with a loss of around 2,500 jobs after online clothing giant Boohoo agreed a £25.2 million buy out deal. It means all of controversial business tycoon Sir Philip Green’s Arcadia group’s brands have now been taken out of administration.
Can I use my Arcadia vouchers?
The collapsed retail empire has limited the use of the cards while a technical issue means they currently cannot be spent online. Shoppers with gift cards for Arcadia stores have been told they can only use them to pay for up to 50% of their purchases.
What went wrong at Arcadia?
November 30, 2020: Arcadia Group ultimately collapsed into administration, affecting 13,000 jobs. December 2020: UK ministers said they were keeping “a close eye” on Arcadia Group’s administration due to the controversy surrounding the management of the company.
When did Debenhams become part of the Arcadia Group?
At that time, Debenhams became a separate company with its own listing on the London Stock Exchange. It was at this point that the Group, until then still known as Burton Group plc, became Arcadia Group plc.
Who is the owner of Debenhams department store?
Debenhams and Arcadia Group, the owner of Topshop, collapsed despite extensive government programs meant to shore up British businesses. The flagship Debenhams department store on Oxford Street in London.
Is the Arcadia gift card accepted at Debenhams?
Debenhams customers have been told their gift cards will be accepted, for now, with people who have already made Christmas orders worrying they may never arrive; Experts predict that Sir Philip Green and his wife Tina are unlikely to be forced to pay more than £50million into the Arcadia pension scheme, which has a £350million shortfall.
Why did Debenhams go into administration last night?
By filing for administration last night, Arcadia was able to avoid new tax-gathering rules brought in by HMRC, BBC claims; Debenhams (pictured in Manchester today) are prepared for liquidation after 242 years of trading with 12,000 jobs at risk after JD Sports declined to buy the brand in the chaos caused by Arcadia’s collapse