We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Sep 30, 202011:07pm

Arcadia COO David Shepherd exits in the middle of restructuring process

David Shepherd has reportedly left his position after more than 25 years in the British company owner of brands like Topshop, Topman and Dorothy Perkins.

Sep 3, 2019 — 4:00pm
Mds
Save

Arcadia COO David Shepherd exits in the middle of restructuring process

 

 

Arcadia continues its restructuring. David Shepherd, chief operating officer of Arcadia, has reportedly left the company after more than 25 years in the British group. The executive, former brand director of Topshop for more than 13 years, stepped down from his role and it’s believed the group will not replace his position, according to Drapers.

 

Arcadia, owner of brands like Topshop, Topman and Dorothy Perkins is in the middle of a restructuring process that includes more than 170 dismissals in its headquarters, the closure of twenty-three stores in Ireland and the United Kingdom and twenty-five stores in the United States.

 

At the same time the announcement saw the light, the brand denied the separation of its brands for a possible sale. Arcadia got the green line last week from its American landlords to start the action plan stated in insolvency agreement (CVA), achieved through an out-of-court settlement.

 

Arcadia reduced its sales by 5.6% in its last fiscal year. Besides, the group that owns Topshop closed the period with a 42% drop in operating profit, falling to 124.1 million pounds (150.8 million dollars).

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...