British Retail Giant Philip Green Is Again Facing The Risk Of Being Deprived Of Title.

British retail giant Philip Green Philip Green is again facing the risk of being deprived of her title. The British Labor Party chairman Ian Lavery and another party leader, Vince Cable, called on this.

The deprivation of the title of rich.

According to the world clothing and shoe net, at the end of October, the Daily Telegraph detonated Philip Green's alleged sexual harassment, racial discrimination and bullying and so on. He also claimed that he suppressed the victims through large sums of money and non-disclosure agreements (NDAs). At the same time, he spent 500 thousand pounds to hire a defending team of at least 7 lawyers, so that the House of Lords of the British Parliament finally issued a restraining order to the media.

However, Labour Party member Peter Hain used his privileges in the house of Lords to expose Philip Green's name.

The member believes that this is more in the public interest.

Another Labour MP, Peter Kyle, even sent a letter to the London Metropolitan Police Office for a criminal investigation of the British tycoons.

The congressman believed that some of Philip Green's actions should be investigated. He was charged with heinous crimes. His subordinates, especially women and minority groups, were deeply afraid of what Inphilip Green was accused of.

After the British court asked Philip Green to withdraw the lawsuit against the media last week, the Daily Telegraph reported on Friday that it would further expose the details of the allegations against Philip Green, while the court temporarily declared the allegations against Philip Green and decided whether it was illegal to use NDAs.

In response, Philip Green's Arcadia Group Ltd. issued a statement supporting the court's decision. If the victim provided details, the company would not hesitate to resort to the law, and said NDAs signers were obliged to perform confidential duties.

Arcadia Group Ltd. also stated in the statement that NDAs is legal and plays an important and legitimate role in resolving business disputes, especially in terms of employment contracts, and should be respected.

In addition to potential litigation and title risks, Philip Green's Arcadia Group Ltd. business may be more of a headache for the rich.

In the UK, the overall decline of high street retail, as well as ASOS PLC (ASC.L), Boohoo Group PLC (BOO.L) and Misguided, etc.

In recent years, sales profits of Arcadia Group Ltd. have continued to decline.

As the lease expires in the past two years, the group has closed 210 stores, reduced the retail sales of the British home market by 1/5, Dorothy Perkins, Evans and Wallis respectively closed 62, 41 and 26 stores, and Burton, Topshop, Topman, Miss Selfridge and other brands also reduced 80 stores.

It is reported that most stores have been renting since 90s of last century, and their tenancy is usually 25 years. Every five years, the owner reassessed the rent.

Arcadia Group Ltd. now has about 570 independent stores and 500 local businesses.

Counters, related staff reached 26 thousand.

In order to reduce the annual huge but controllable rent and labor costs, the group is likely to use the Company Voluntary Arrangement (CVA) to further reduce the scale of retail sales.

The bankruptcy reorganization process requires the support of store owners and creditors. In early 2018, Arcadia Group Ltd.'s rival New Look Retail Group Ltd. facilitated the use of CVA, which closed down nearly 60 of the total number of stores in the UK, and reduced nearly 1000 employees.

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Arcadia Group Ltd. spokesman said that the group had a continuous dialogue with the owners of the store. With the expiration of the contract, the group had a "significant opportunity" to reassess the lease.

According to the latest earnings report, Arcadia Group Ltd. Holdings Taveta Investments Ltd., the operating profit in the fiscal year ended August 26, 2017, dropped 42% to 124 million 100 thousand pounds, and sales fell below 2 billion pounds, down 5.6% to 1 billion 910 million pounds annually.

The annual rental cost is 183 million pounds.

Topshop and Topman's operating profit also cut to 70 million pounds, and sales fell 5.8% to 933 million 600 thousand pounds.

Data on the holiday season showed that the group was further abandoned by consumers.

In the first 12 weeks to November 18, 2018, the sales of Arcadia Group Ltd. and Kantar fell sharply by 16.6%, down 2.5% from the market average in the first week of November 18, 2018.

The comparable sale of flagship brand Topshop has been backwards by 20%, according to people familiar with the matter.

There is analysis speculation that Philip Green may finally sell the Arcadia Group Ltd. acquired in 2002.

In 2012, he took the lead in selling 25% of the group's shares to Losangeles private Holdings Company, Leonard Green & Partners LP, for 350 million pounds.

Earlier, there was news that in recent years, Sandro, Maje and other high growth French luxury brand income of the Ruyi group (002193) and Philip Green Philip Green, but had been denied by Chinese companies.

British market participants also believe that Mike, Ashley, who owns the retail assets of Sports Direct Internationa PLC, SPD.L and old retail department stores such as House of Fraser Ltd., will also consider bidding.

In February 13th, a number of employees of Arcadia Group Ltd., Hongkong and Shanghai revealed to reporters that British companies announced in February 11th that they had closed offices in Hongkong and Shanghai.

When Arcadia announced its withdrawal from the mainland market at the end of last year, a spokesman for the Arcadia Group Ltd. said that China is still a "very important market" for the development of the group. They are exploring other opportunities to continue their business here.

In 2013, Arcadia Group Ltd.'s Topshop entered central Queen's road. The only branch of Topshop/Topman, Hongkong, which was represented by Lian Ke Fu Si Si Group, was still standing in central, but the group's two stores opened in 2014 in Hongkong market have been completely closed.

In 2014, Arcadia Group Ltd. took the lead in the mainland fashion business, and set up an online flagship store in the light luxury fashion business to push Topshop to the mainland market.

In 2016, the two sides also deepened their cooperation with entities, and planned to open five Topshop/Topman stores in 2017 to test the water. If the market responded positively, the domestic retail sales would expand to 80 stores.

However, early in the industry, the British fashion tycoon Philip Green chose to choose Shang Shang net, the decision of the pure electricity supplier to open up the market under the line.

Tang Xiaotang, an analyst at fashion industry research and consulting firm No Agency analyst, announced the death penalty as early as the two sides announced the 80 entity store plan.

The analysts believe that both sides are playing their own wishful thinking. The expansion of Shang pin network is false. They try to make use of the financing of Topshop, but the founder of the e-commerce brand is obviously smart and underestimated PE/VC. Investors will not have any interest in the entity retail which needs high investment, high turnover, low returns and low returns.

In early August 2018, a spokeswoman for Arcadia Group Ltd., Topshop parent company, confirmed that it had reached a common agreement with the mainland China franchise partner, Beijing Shang pin Bai Agel Ecommerce Ltd (Shang pin net), and will end its four year cooperation by the end of the year.

According to the original plan, in September 2018, the two sides will open the first independent store in Topshop in Shanghai Huaihai middle road.

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