Hints and tips:
...Deloitte, the administrators for Arcadia, have sold Topshop, Topman and Miss Selfridge to Asos, Evans to Australian group Chic City Collective and Burton, Wallis and Dorothy Perkins to Boohoo....
...The market for such assets is buoyant and the facility could be sold and leased back, though Sir Philip’s wife Tina has security over it after lending Arcadia £50m in 2019....
...Philip Green’s Arcadia has argued the CVA is essential to saving the group, which includes brands such as Topshop and Dorothy Perkins, from administration....
...Mike Ashley’s Frasers Group has also declared an interest in buying any or all of the Arcadia brands, which include Burton, Wallis, Evans, Miss Selfridge and Dorothy Perkins as well as Topshop and Topman...
...This time, as they battle to save their Arcadia group, owner of Topshop and Dorothy Perkins, Tina’s been splurging again. This time, though, she’s channelled her spending for a good cause....
...If Sir Philip loses, Arcadia, which employs 18,000 people in stores including Top Shop, Miss Selfridge, Dorothy Perkins and Burton could file for administration as early as today, throwing a business built...
...would provide up to £10m a year over three years to offset cuts in rent demanded across 194 out of the mogul’s 500 UK stores, which include branches of Topshop, Burton, Wallis, Miss Selfridge and Dorothy Perkins...
...Late on Tuesday Sir Philip and his wife Tina agreed a deal with the UK’s Pensions Regulator to secure the backing of the Pension Protection Fund for the restructuring....
...Arcadia, the retail group that Sir Philip bought in 2002 and that includes UK high-street brands including Topshop and Dorothy Perkins, revealed plans to close 23 of its 566 stores in the UK and Ireland...
...Philip Green and his wife Tina have sealed a vital deal with the UK’s Pensions Regulator that will secure the backing of the Pension Protection Fund for a crucial restructuring of his Arcadia retail empire...
...The owner of high-street names such as Topshop and Dorothy Perkins needed three-quarters of its unsecured creditors — made up of landlords, suppliers, the UK tax authority and Arcadia’s pension scheme —...
...That meeting was eventually adjourned after more than five hours, pending further talks between Arcadia — whose brands include Topshop, Burton and Dorothy Perkins — its advisers, Deloitte, and creditors....
...The creditors of Arcadia, whose chains include Topshop and Dorothy Perkins, have to decide next Wednesday whether to accept a restructuring that will see more than 20 stores closed, rents cut on almost 200...
...The musical adaptation of Mean Girls (book by Tina Fey) opened on Broadway....
...Arcadia’s parent company is still paying off loan notes issued to companies owned by Sir Philip’s wife, Tina, when it bought BHS in 2009....
...It also focused attention on Sir Philip’s Arcadia Group, the owner of retail chains including Topshop, Wallis and Dorothy Perkins....
...Accounts filed at Companies House showed that the largest included dividend payments of £423m paid by BHS between 2001 and 2004, most of which went to Sir Philip and his wife Tina....
...Arcadia is a sprawling retail consortium that encompasses high-street brands including Top Shop, Miss Selfridge and Dorothy Perkins....
...Sir Philip and his wife, Tina, are worth £3.5bn, according to The Sunday Times Rich List....
...Arcadia is the vehicle for Topshop, Topman, Dorothy Perkins, Wallis, Evans, Burton and Miss Selfridge, all among Britain’s best-known high-street brands, all ultimately controlled by Tina, a Monaco tax-resident...
...Dario Perkins, chief European economist at Lombard Street Research, notes: “When investors are causing trouble, an official backstop should always be sufficient to restore calm....
...In 2005, his company paid a £1.2bn dividend to its direct owner, his wife Tina, who was able to receive it tax-free because she was a Monaco resident. Tax avoidance is legal....
...The firm said it had hired four general partners to head its new offices in Beijing and Shanghai, led by Tina Ju and Joe Zhou....
...Last year, he paid his wife Lady Tina a £1.2bn dividend from the group....
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