Revealed: Arcadia's three-year plan to restore its glory

By Becky Waller-Davies2019-05-23T11:52:00

Arcadia has set out a recovery plan focused on digital growth and developing new avenues to market, Retail Week can reveal.

The retailer, which launched a CVA last night, set out its turnaround ambitions in a business and recovery plan circulated to creditors, and seen by Retail Week.

By implementing the plans, Arcadia, controlled by tycoon Sir Philip Green, aims to restore EBITDA from around £30m in 2018/19 to £80m in 2019/2020 and £117m in 2021/22.

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