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Green prepares to split up Arcadia fashion empire
Sir Philip Green is plotting to separate retailers within the Arcadia group in a bid to offload different brands.
The fashion empire, which owns fashion retailers including Topshop, Miss Selfridge, Burton and Dorothy Perkins, has reportedly begun to separate shared functions across the businesses such as HR and IT.
According to The Sunday Times, Green held off starting the work to separate in-house functions across the fashion group until it had resolved legal challenges from two US landlords to Arcadia’s CVA, which were settled out of court last week.
The work to separate the internal functions of Arcadia’s retail portfolio is being overseen by chief executive Ian Grabiner, who has reportedly persuaded Green that his business empire will not be able to trade its way out of the challenges it is facing.
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