Arcadia which has reported a significant drop in profits for the year to 31st August 2016 and the departure of Mary Homer to the White Company has triggered a management re-shuffle at Arcadia which operates Dorothy Perkins, Burton, Topshop, Evans, Wallis and Miss Selfridge.
Malcolm Storey takes responsibility for Burton in addition to Dorothy Perkins which he has headed for a number of years. Meanwhile, Anne Secunda takes on Evans in addition to Wallis. A replacement for Mary Homer has yet to be announced.
Reports have it that the business has appointed McKinsey & Co as advisors as it seeks to improve performance and profitability in a slowing market and following the damage caused by the BHS scandal.
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