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Philip Green’s retail company faces substantial loss

Published On 11 Sep 2019 06:01 AM


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Recent reports suggest substantial loss faced by Sir Philip Green’s Arcadia Group. Sources allege, a loss of about 169 million pounds when it narrowly escaped a complete collapse previously in June. According to figures released by Arcadia’s holding company Taveta Investments Ltd, the turnover of the company descended to 4.5% to 1.81 million pounds. On the other hand, the operating profit also sank to 78.1 million pounds from 124.1 million....


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