Apr 18, 2020
Green’s retail empire could close over 100 stores
Sir Philip Green's Arcadia group is serving notice on landlords to walk away from more than 100 stores by the end of the summer. The fashion group owns brands such as Topshop and Dorothy Perkins and has 550 stores across the UK, but all are shut due to coronavirus restrictions. In 2019 it did a deal to survive with landlords to cut rents and close 23 stores - and 12 more closed this year. Arcadia has already been closing stores over the years as leases expired. The department store chain has agreed terms on 120 of its 142 stores so far and is in advanced discussions about the remainder of its estate.
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