Miss Selfridge
| Use attributes for filter ! | |
| Founded | 1966 |
|---|---|
| Headquarters | United Kingdom |
| Parent company | Arcadia Group |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2315513 |
About Miss Selfridge
Miss Selfridge is a nationwide UK high street store which began as the young fashion section of Selfridges department store in London in 1966.
How our High Streets changed over the Covid lockdowns
... The collapse of the Arcadia retail empire in 2020 saw Burtons, Dorothy Perkins, Wallis, Topshop and Miss Selfridge all disappear from our shopping streets...
Shops re-opening: retailers welcome back customers after three months
... Arcadia, which owns, said the likes of Topshop, Miss Selfridge and Dorothy Perkins, has, it is accepted, no cash...
Coronavirus: Debenhams, in order to file for administration
... The company, which owns several well-known High-Street chains including Topshop, Wallis and Miss Selfridge, has furloughed 14,500 of its 16,000 employees since the coronavirus lockdown and said that the members of the management Board and executives take pay cuts of between 25% and 50%...
Coronavirus is from: Cath Kidston set to call in administrators
... Arcadia has furloughed 14,500 of its 16,000 employees since the coronavirus lockdown and said that the members of the management Board and executives take pay cuts of between 25% and 50% Sir Philip Green controls Arcadia owns Topshop, Dorothy Perkins and Burtons Arcadia is also with a view to the uncertainty about the future of the concessions in Debenhams stores, which include the brands Dorothy Perkins, Evans, Miss Selfridge and Wallis...
US assault charges against Sir Philip Green falls
... The group owns the High Street chains Topshop, Burton, Dorothy Perkins, Evans, Miss Selfridge and Wallis...
Harrogate: What happens when businesses leave the city
... But in the last two years seen a string of big-name chains such as Topman, Miss Selfridge, Cath Kidston, Prezzo and Jamie s Italian...
Sir Philip Green's Topshop reports £500m loss
... Arcadia, which also owns other High Street names including Miss Selfridge and Burton, is shutting 48 stores and cutting rents at other outlets...
Philip Green's Topshop empire plunges to loss
... The business, which also includes Miss Selfridge and Dorothy Perkins, that triggered 48 store closures...
Philip Green's Topshop empire plunges to loss
Sir Philip Green 's Topshop retailing empire plunged to a loss last year, blaming a "dramatically" changed retail landscape and increased competition.
The Business , which also includes Miss Selfridge and Dorothy Perkins , that triggered 48 store closures.
The results for the year to 1 September 2018 show a loss of £169. 2m compared with a £49. 4m profit a year earlier.
It also warned it may need fresh funds.
The Rescue deal, agreed in June, involved The Landlords to the chains of stores backing A Number of company voluntary arrangements (CVA), allowing The Business to reach an agreement with its creditors to pay off all or part of its debts.
In an update provided in the latest results, The Directors say are they "confident that we will deliver on our plan, improve the way we work and win the hearts and minds of more and more of our customers".
'Challenging year'The results are for Taveta Investments, the Holding Company of the Arcadia Group of businesses owned by Sir Philip's wife Tina .
The Company said a 4. 5% Fall In its turnover was caused by "the ongoing challenging global market conditions for retailers".
If exceptional items and other one-off costs are stripped out The Company made an operating profit of £78. 1m, down from £124. 1m a year earlier.
Taveta said profits were knocked because it was not able to close stores at the same pace that sales fell.
"After coming through a challenging year, we are now very clear on our strategic direction," it added.
In a trading update in the latest results, The Directors say that after closing its US stores and The Outfit Kids business, The Group is expected to remain in its current form with a "portfolio of diverse, market-leading brands".
Tina Green , owner of Arcadia with her husband, Arcadia chairman Sir Philip GreenThe results highlight the importance of refinancing a £310m loan on the flagship Topshop store on London's Oxford Street, which is currently due to be repaid in December.
If that does not happen, The Company said "the lenders would be able to enforce their security on its property in order to recover their debt".
The Directors express confidence that the loan can be refinanced. They say the store remains an attractive site, with Nike taking an additional floor in The Building , while space previously used by Miss Selfridge has been leased to retailer Vans.
However, they also say that The Risk around the refinancing of the Oxford Street store and the "on-going difficult financial conditions in a volatile retail sector" could force The Business to seek fresh financing.
On a pre-tax basis, Taveta's loss is £177m compared with profits of £53. 5m a year earlier.
Results for Arcadia, filed separately, show a pre-tax loss of £93m compared with £164m in the previous year.
'Changed Forever 'In June, Sir Philip a that the retail landscape had changed and that he had been slow to react.
"The market place has changed Forever - People want a different kind of service. Should we have seen that three or four years ago - Maybe . But now we need to get on with The Job ," he told the BBC in June.
The Business has not been alone in finding the going tough on The High Street.
Earlier this year, Britain's biggest Department Store chain Debenhams fell into the hands of its lenders as part of an administration process, while House of Fraser was sold to Mike Ashley 's Sports Direct last year.
Marks and Spencer has also illustrated The Woes facing traditional retailers, falling out of the FTSE 100 index This Week amid competition from firms such as Primark on The High Street and Boohoo online.
retailing, uk high streets, sir philip green, companies, arcadia group, company voluntary arrangement
Source of news: bbc.com
