×
757
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Liverpool - 26 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Boots-Aintree, Liverpool - 11 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 12 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part-Time - Permanent
Permanent · Bishop's Stortford
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 37.5 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Clinique - Consultant - Boots, Oracle Reading - 28 Hours - Part Time, Permanent
Permanent · Reading
ESTÉE LAUDER
Clinique - Consultant - Flannels, Sheffield Meadowhall - 22.5 Hours - Part Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 30 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Art Director
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Bracknell - 11.5 Hours - Part Time, Permanent
Permanent · Bracknell
ESTÉE LAUDER
Senior Manager, qc Lab
Permanent · Petersfield
ESTÉE LAUDER
Clinique - Consultant - Menarys, Cookstown - 18 Hours - Part Time, Permanent
Permanent · Cookstown
ESTÉE LAUDER
Clinique - Consultant - Boots - Silverlink, Newcastle - 10 Hours - Part-Time - Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Origins & Aveda - Account Manager - House of Fraser, Wolverhampton - 22.5 Hours - Part-Time, Permanent
Permanent · Wolverhampton
ESTÉE LAUDER
Aveda - Account Manager - Jarrolds, Norwich - 37.5 Hours - Full Time, Permanent
Permanent · Norwich
ESTÉE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part-Time - Permanent
Permanent · Oxford
ESTÉE LAUDER
Clinique - Consultant - Goulds, Dorchester - 18 Hours - Part Time, Permanent
Permanent · Dorset
ESTÉE LAUDER
Clinique - Consultant - Boots, Newcastle - 12 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Boots-Market Street, Manchester - 15 Hours - Part Time, Permanent
Permanent · Manchester
ESTÉE LAUDER
Estée Lauder - Area Sales & Education Manager - South - Oxford - Bristol (Maternity Cover)
Permanent · Southampton
ESTÉE LAUDER
Clinique - Consultant - Boots, Cheshunt - 13 Hours - Part Time, Permanent
Permanent · Cheshunt
Published
Feb 18, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Topshop and Topman creditors now owed £176m - report

Published
Feb 18, 2021

As expected, creditor losses against Topshop and Topman’s failure have ballooned. The total has now risen to £176 million as the Arcadia empire is finally wound up. That’s more than double the initial estimate of £82.2m owed to creditors when the business collapsed in November. But at the time, administrator Deloitte warned the figure would be much higher.


Photo: Nigel Taylor


Filings, soon to be published at Companies House and seen by The Telegraph, show that creditors are owed £219m in total. Stripping out the £42.4 million of assets available to pay them, the total will be around £176 million. 

Overseas suppliers and property owners are among the hardest-hit businesses. Meanwhile gift card holders are down to the tune of around £4.5 million. At the lower end of the creditor list is Kate Moss’s talent agency, which is owed £1,000, the latest documents show.

The Topshop and Topman brands and stock were sold to ASOS earlier this month, alongside the Miss Selfridge and HIIT brands, in a £300 million deal. However, the stores were not included in the sale. 

Meanwhile, it has also emerged that the Green family is likely to receive funds from the sale of Topshop as secured creditors through a company called Aldsworth Equity.

It's owed £50m linked to an interest-free loan made to the group two years ago and is in line to be paid before any funds are shared with suppliers, landlords and the taxman. 

Copyright © 2021 FashionNetwork.com All rights reserved.