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Tag: Greens

Green’s retail empire could close over 100 stores

Green’s retail empire could close over 100 stores

Business
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. Arcadia was struggling before the pandemic. In 2019 it did a deal to survive with landlords to cut rents and close 23 stores - and 12 more closed this year.Like other retailers grappling with the fallout from deserted high streets and a collapse in sales, Sir Philip's retail empire has been thrown into turmoil. Most of his 16,000 staff are being paid through the government's furlough scheme and bosses are taking a pay cu...
Philip Green’s Topshop empire plunges to loss

Philip Green’s Topshop empire plunges to loss

Business
Sir Philip Green's Topshop retailing empire plunged to loss last year, blaming a "dramatically" changed retail landscape and increased competition.The business, which also includes Miss Selfridge and Dorothy Perkins, has since agreed a rescue deal with its creditors that triggered 48 store closures.The results for the year to 1 September 2018 show a loss of £169.2m compared with a £49.4m profit a year earlier.Turnover fell 4.5% to £1.8bn.The fall in turnover reflects "the ongoing challenging global market conditions for retailers", the company said.The results are for Taveta Investments, the holding company of the business owned by Sir Philip's wife Tina. If exceptional items and other one-off costs are stripped out the company made an operating profit of
Rescue deal for Green’s Arcadia hangs in the balance

Rescue deal for Green’s Arcadia hangs in the balance

Business
The future of Sir Philip Green's high street retail empire hangs in the balance ahead of crucial votes on a rescue deal.Arcadia Group - the company behind the Topshop, Dorothy Perkins and Burton brands - needs the support of at least 75% of creditors in a series of ballots that were delayed last week because of significant opposition from landlords. The company could collapse as early as this evening if its plans for 50 store closures and rent cuts elsewhere are rejected.After suspending last week's vote, Arcadia said it would reduce the severity of its proposed rent reductions in a bid to win enough support. Image: Intu's exposure to Arcadia is mainly through Topshop trading sites But Sky News revealed on Tuesday how Intu Properties ...
Healthy Cooking on the Cheap: Four-Cheese Stuffed Shells, Beans 'n' Greens, and More

Healthy Cooking on the Cheap: Four-Cheese Stuffed Shells, Beans 'n' Greens, and More

Health
Now that the days are getting longer and winter is finally subsiding, I want to spend my evenings outdoors—not standing over the stove. If you feel the same way, this week's recipes are perfect for you. Try prepping parts of these meals on Sunday afternoon or while the kids are napping so you can throw dinner together in a flash on a weeknight. My favorite recipe (and one that's bound to become a favorite in your family too) is for Four-Cheese Stuffed Shells With Spinach. The recipe serves a big crowd, so stick the leftovers straight into your freezer. I tend to freeze individual portions for an easy grab-and-go lunch or rushed dinner.Grocery list:3 large sweet potatoesDry giant lima beans3 garlic cloves1 large bag ...