Philip Green's Topshop and Topman report £505m loss

Pre-tax figure far exceeds £3.8m of losses recorded in previous yearPhilip Green’s Topshop and Topman chains slumped to a £505m loss last year as sales fell and the retail tycoon wrote down the value of two of his flagship brands.Sales at the fashion brands fell 9% to £846.8m in the year to 1 September as they struggled to compete with the likes of Asos, H&M and Primark. In the UK sales fell by 9.8%.The history of Arcadia Group Continue reading...