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Topshop owner sees profits plummet 79%
Profits across Sir Philip Green’s retail empire fell 79% last year as the Arcadia Group was hit by the collapse of BHS and tough trading conditions.
According to a report filed with Companies House by Taveta Investments, the holding company of Arcadia, pre-tax profits for the year to 27 August 2016 fell to £36.8m, down from £172.2m in 2015.
Sales across the Arcadia Group, which spans Topshop, Miss Selfridge, Burton, Evans, Wallis and