Blog: Leonie BarrieImpressive advances at Arcadia

Leonie Barrie | 24 October 2003

Going back to basics has paid of handsomely for retail entrepreneur Philip Green who has almost doubled annual profits at the Arcadia clothing group which he acquired 10 months ago.

His ability to improve profit margins and cut costs through clever sourcing – or squeezing suppliers as it’s otherwise known – is legendary. And by restructuring the group to effectively create eight different business units around the Arcadia brands – which include Dorothy Perkins, Burtons, Miss Selfridge, Evans, Top Shop, and Top Man – he has speeded up decision-making as well as improving stock control and reducing discounts.

Pitching these different brands against each other is perhaps the ultimate triumph, and the results speak for themselves. Most impressively, Green has repayed £400 million of the £807 million acquisition cost three years ahead of schedule, in the process proving that his somewhat maverick style delivers results, fast.

BLOG

Higher worker wages – who pays?

There continues to be a disconnect between buying departments and compliance teams when it comes to costing labour in price negotiations. So who should pay for a minimum wage increase?...

BLOG

Trump tariff dispute rumbles on

The US has escalated its trade threats to China after President Donald Trump said he is considering tariffs on an additional $200bn of Chinese goods if China "refuses to change its practices."...

BLOG

Trump spares textile machinery in tariff spat

Hundreds of US imports from China will be hit with an additional 25% tariff from next month – but to the relief of the US textile, apparel and footwear industry, most of the equipment used in the dome...

BLOG

Esquel's eco-friendly manufacturing complex

Hong Kong-based Esquel Group, the world's largest woven shirt maker, has been bedding-in operations at a ground-breaking new $313.3m eco-friendly manufacturing complex in southern China....

just-style homepage



Forgot your password?