Thursday, January 20, 2022

Another blow to Arcadia as Topshop director quits

Topshop update

Topshop‘s retail director has confirmed his departure to take on a senior role at Specsavers, according to Drapers.

Craig McGregor spent eight years in his role at Arcadia‘s most prized fashion retailer, and marks the latest high-profile departure from Sir Philip Green‘s retail empire.

Yesterday, Miss Selfridge‘s creative director Yasmin Yusuf also left the Arcadia-owned business, not long after longtime retail director Gerry Harte left the end of last year.

Meanwhile over at Burton, another of Arcadia‘s top performers, the reasons behind the shock departure of its managing director Wesley Taylor last Friday are still unclear.


EAD MORE: Dominic Chappell reveals details on £14m legal case against Sir Philip Green

The departures comes amid figures contested by Green that Topshop‘s sales fell by 11 per cent over the Christmas trading period.

The news will pile further pressure on the retail mogul, who continues to fight an increasingly bitter battle over the demise of BHS, facing calls to provide £350 million from his own pocket to aid the huge pensions deficit.

Last week the BHS debacle took another unpleasant turn for Green, as Dominic Chappell, the man he sold the department store chain to for just £1, has issued a £14 million legal challenge to Green and Arcadia over a deal made prior to the companies messy downfall.

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