Profits at Sir Philip Green’s retail empire have plummeted 42% as the group axed more than 40 stores in the face of the brutal conditions on the high street.
Taveta Investments, the company behind Topshop-owner Arcadia, booked operating profits before goodwill, amortisation and exceptional items of £124.1m for the year to August 26, 2017.
This was down from £215.2m for the year before.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
