Sir Philip Green has outlined plans for his merged Arcadia Group and Bhs business, which is almost complete.
Green said that one of the reasons he has merged the businesses is because between 200 and 300 of Arcadia’s smaller stores are due to expire in the next few years. He told the Daily Mail: “Small space has become expensive so in certain cities we are able to relocate brands into Bhs space.”
Inserts of Arcadia brands Evans, Burtons, Wallis and Dorothy Perkins have already been tested in around ten Bhs stores.
Green said that the combined revenues would be around £3bn. “This will probably make us the largest private player in the UK with 44,000 people,” he added. Green also expects to generate between £350m and £450m of profits.
Green has also outlined his international ambitions for his Topshop chain. “We’ve never done anything in Europe you know. I want to go to Paris, I want Milan and I have just had a long session in China. We have got to go to China and Hong Kong so there is still a lot to do.”