Topshop and Topman fell to a loss of more than £500 million last year in a further sign of the strain on Sir Philip Green’s retail fashion empire.
Pre-tax losses widened to £505.1 million in the 53 weeks to September 1, 2018, from a £3.9 million loss a year earlier, according to accounts filed by Top Shop/ Top Man Limited at Companies House yesterday.
The high street retailer’s figures were marred by exceptional items, including provisions for leases on loss-making stores. However, sales fell to £846.8 million from £933.6 million in 2017.
Topshop and Topman fell to a loss of more than £500 million last year in a further sign of the strain on Sir Philip Green’s retail fashion empire.
Pre-tax losses widened to £505.1 million in the 53 weeks to September 1, 2018, from a £3.9 million loss a year earlier, according to accounts filed by Top Shop/ Top Man Limited at Companies House yesterday.
The high street retailer’s figures were marred by exceptional items, including provisions for leases on loss-making stores. However, sales fell to £846.8 million from £933.6 million in 2017.
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