Sir Philip Green’s Arcadia fashion group experienced a profit slump in the year to August 28 as the retailer confirmed mass store closures on the high street. Group pre-tax profit dropped £80.1m to £133.1m. Margin declined 1.8% - equivalent to £52.4m - as the retailer absorbed costs rather than passing them onto the consumer.
Arcadia Profits Fall As Sir Philip Green Confirms Mass Store Closures
Share
