A review of the bumper Arcadia Group, owner of high street stores such as Dorothy Perkins, Burton Menswear and Top Shop, is currently underway. And that could mean changes are in the pipleline for Arcadia, under its new chief executive Stuart Rose.

The ex-chief executive of British supermarket chain, Iceland Group Plc, took over as CEO of Arcadia the middle of last month.

It is a return visit for Mr Rose, who left Arcadia's predecessor the Burton Group, late in 1997. Then he was boss of Burton Menswear, Evans, Dorothy Perkins and Principles at the time of its demerger from department store chain, Debenhams.

A spokesman for Arcadia said: "Stuart Rose is carrying out a review of the business but there won't be any announcement about his plans until the spring."

Great things are expected of Mr Rose. Arcadia Group chairman, Adam Broadbent, said at the time of the new appointment: "Stuart has a great reputation in the retailing business and has an outstanding track record. I look forward to working with him to accelerate Arcadia Group's recovery and the rebuilding of shareholder value."

Arcadia's annual general meeting takes place on January 18th.

By Deborah Bowyer.