Revealed: Arcadia's three-year plan to restore its glory
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.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.