Jobs at risk at Topshop and Topman stores in management restructure
PUBLISHED: 14:13 26 January 2018 | UPDATED: 16:01 26 January 2018
Hundreds of jobs could be at risk at Topshop and Topman stores around the country after its parent company announced a management shake-up.
Arcadia, which owns other brands including Miss Selfridge, Wallis and Burton, said it was working to “restructure our retail management” across the stores, but did not provide details of what this restructure would entail.
Reports suggest the changes could affect branches where there is a Topshop and a Topman in the same store.
An Arcadia spokesman said: “As part of an ongoing business review and as a response to the ever-evolving fashion retail landscape, areas in our store management structures have been identified where resource can be used more effectively in servicing the needs of our customers. As a result we are working to restructure our retail management across Topshop and Topman.
“We remain committed to all our team members and our first priority is to redeploy managers into newly created roles within the proposed structure.
“We fully appreciate that this will be a difficult time for those affected and we will ensure our teams are supported through the process of change.”
Arcadia appointed consultants last summer to advise on a new strategic plan after the group’s profits tumbled following the collapse of BHS, also owned by Arcadia boss Sir Philip Green, in 2015.
Last year Sir Philip agreed to a £360m payment towards a bail-out of the pension fund at BHS, which he sold to a consortium led by former racing driver Dominic Chappell.
Topshop and Topman have stores in Norwich, Ipswich, Great Yarmouth, Bury St Edmunds, Colchester and Cambridge.