Philip Green’s Topshop Empire Plunges To Huge Loss

by MR Magazine Staff

Sir Philip Green’s Topshop retailing empire plunged to loss last year, blaming a “dramatically” changed retail landscape and increased competition. The business, which also includes Miss Selfridge and Dorothy Perkins, has since agreed a rescue deal with its creditors 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. Read more at BBC News.