// Arcadia’s brands including Topshop, Miss Selfridge and Dorothy Perkins, now worth about half their £800m value
// The drop in value comes after the retail group’s administration
// Sir Philip Green appointed administrators from Deloitte after the company collapsed on Monday
Topshop, Miss Selfridge and Dorothy Perkins are reportedly now worth about half their £800 million value, following the parent company Arcadia’s administration.
Arcadia is set to be watched closely by rival retailers and private equity groups to see if they can purchase a good deal as the brands are put up for sale, The Telegraph reported.
Arcadia’s retailers were valued at £800 million in January by consultancy Brand Finance, with Topshop alone accounting for almost £400 million.
Topshop and Topman are Arcadia’s flagship brands.
Boohoo is thought to be the frontrunner in the race to buy Topshop.
Brand Finance managing director Richard Haigh said the administration has ultimately led to a reduction in price.
The Covid-19 pandemic has also likely added further damage to the brands.
Arcadia’s administrator Deloitte will be seeking to preserve as much of the business as possible.
That means buyers are likely to get preferential treatment if they are willing to take on the entire Topshop/Topman operation, rather than just the brands and online platforms.
Arcadia owner Sir Philip Green appointed administrators from Deloitte after the company collapsed on Monday when talks with a number of lenders about an emergency £30 million loan hit a dead end.
Mike Ashley’s plans for an emergency £50 million loan to Arcadia Group had also fallen through.
The administration has placed 13,000 jobs at risk of redundancy.