As reports continue to suggest that Topshop owner Arcadia is to launch a CVA within weeks, it has also emerged that the company is to offer Arcadia Group shares to its landlords in return for their support.
The apparel company has announced Ronald L. Nelson as its new chairman of the board, effective April 23, 2019, contingent upon his re-election to the board of directors at the company's annual shareholder meeting.
Little Black Dress, the online fashion business fronted by Alesha Dixon, has named a new fashion director with Debbi Ball joining after a career spent at some of the biggest names in UK mass-market fashion retail.
Topshop owner Arcadia could reportedly close 100 locations in its vast stores empire as leases on the shops come to an end by late 2020. That would follow more than 200 closures that have happened since 2016.
The British government should levy a tax on retailers with online sales accounting for more than 20 percent of revenue to save traditional shopping districts, the boss of Sports Direct told lawmakers on Monday.