What Made Topshop From "King Of High Street" To "Sex Scandal"?

British media say that from "king of high street" to "the unpardonable endorser of capitalism" and the "Topshop Philip owner" of sex scandal, Philip Green

The biggest loser.

Reporters quoted the market research firm Kantar Worldpanel Kaye consumer index data, said that in the 12 weeks before November 18th, the sales of Arcadia Group Ltd. of Topshop parent company decreased by 16.6% compared to the same period last year, which is far more than 2.5% of the market average, while the largest in the UK.

Retailer Marks and Spencer Group PLC (MKS.L) decreased by 4.4% in Marsha general merchandise group.

The warm weather in Europe and the political and economic turmoil in Britain caused the consumer confidence to be hit by the political and economic upheaval in the country, which led retailers to fall in before the most important holiday season of the year.

Not only Primark, Superdry PLC (SDRY.L) extremely dry, etc. high street brand issued sales and profit warning, even

ASOS PLC (ASC.L) has also significantly reduced its revenue and profit outlook. Mike, Ashley, a British retail tycoon controlling many retailers, said that the difference between the market and the market in November this year has never been seen before, and the situation is "unbelievable".

According to people familiar with the matter, the comparable sales of Arcadia Group Ltd. flagship brand Topshop have been regressed at a rate of 20%, while the news source close to the group emphasized that Topshop sales in the US luxury department store Nordstrom Inc. (NYSE:JWN) Nord dragon website and the European largest pure fashion online retailer Zalando SE (ZALG.DE) were double digit growth.

According to the world clothing and shoe net, Arcadia Group Ltd. holding company Taveta Investments Ltd. has lost 42% to 124 million 100 thousand pounds in the fiscal year ended August 26, 2017, and sales also fell below 2 billion pounds, down 5.6% to 1 billion 910 million pounds per year.

During the period, the group closed 41 stores, while striving for rent reduction for the other 25 stores.

In August of this year, Arcadia Group Ltd. announced the end of its four year cooperation with the mainland China franchise partner, Beijing Shang pin Bai Agel Ecommerce Ltd (Shang pin net). The Topshop flagship store on Shang pin and Tmall has been closed at the end of November, and the vision of domestic entity expansion is also aborted.

Two months later, Philip Green, Philip Green, was even more than a million pounds to settle his lawsuit against at least seven sexual harassment, workplace oppression and racial discrimination against his staff. He also applied to the court for a seal to prevent his identity from being exposed.

After exposure, Topshop's brand and Arcadia Group Ltd.'s brand became the boycott of global consumers.

Prior to that, Arcadia Group Ltd. pferred the BHS department store to Dominic Chappell without a retail experience and went bankrupt in a symbolic 1 pound in 2015, which indirectly led to the bankruptcy of the British Centennial department store after a year, 11 thousand employees lost their jobs and left a pension shortfall of 571 million pounds, even if Philip Green Green paid 363 million pounds under the pressure of domestic politicians and public opinion, but this has already discredited him.

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