{"id":162571,"date":"2019-11-21T11:38:49","date_gmt":"2019-11-21T11:38:49","guid":{"rendered":"https:\/\/www.theindustry.fashion\/arcadia-confirms-andrew-coppel-as-new-chairman\/"},"modified":"2021-08-12T14:05:30","modified_gmt":"2021-08-12T14:05:30","slug":"arcadia-confirms-andrew-coppel-as-new-chairman","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/arcadia-confirms-andrew-coppel-as-new-chairman\/","title":{"rendered":"Arcadia confirms Andrew Coppel as new chairman"},"content":{"rendered":"<p>Hotel veteran Andrew Coppel will take the reins of Sir Philip Green\u2019s retail empire, Arcadia, which is <strong>facing a turnaround process<\/strong> as it prepares for perhaps its most important Christmas to date.<\/p>\n<p><!--more--><\/p>\n<p>Coppel takes on the challenging job as the chairman of Arcadia, Topshop\/Topman, and Taveta Investments. News of his potential appointment <a href=\"https:\/\/www.theindustry.fashion\/arcadia-set-to-name-new-chair\/\">emerged last night<\/a>.<\/p>\n<p>He comes to the job just months after Arcadia<a href=\"https:\/\/www.theindustry.fashion\/breaking-arcadia-rescue-deal-approved-by-its-creditors\/\"> entered a company voluntary agreement (CVA)<\/a>. which allowed it to keep trading, while paying off debt over time.<\/p>\n<p>Arcadia had been thrown into turmoil after <strong>feeling the pinch from a struggling high street.<\/strong><\/p>\n<p>Coppel, 69, said he was \u201cdelighted\u201d to be appointed to the chairman\u2019s position, but hinted at how tricky the job could be.<\/p>\n<p>\u201cWhilst <strong>the group is not immune to the challenges affecting the UK retail sector,<\/strong> it owns several outstanding high street brands,\u201d he said.<\/p>\n<p>His experience in<strong> the property-heavy hotel sector<\/strong> is likely to be a major boon to his work with Arcadia, which has been forced to renegotiate terms with landlords.<\/p>\n<p>He <strong>spent five years at the head of hotel group De Vere<\/strong>, and most of the 1990s and early 2000s at Queens Moat Houses, another hotel business.<\/p>\n<p>Arcadia chief executive Ian Grabiner said: \u201cSince we completed our restructuring process over the summer,<strong> we have been making good progress with our plans,<\/strong> focusing investment on delivering better customer experiences, improving our digital offer and extending our wholesale partnerships.<\/p>\n<p>\u201cDespite the ongoing headwinds for UK retailers, I am confident this progress will continue.\u201d<\/p>\n<p>Having won plaudits for amassing a retail empire which spanned BHS, Topshop and Dorothy Perkins, Sir Philip Green has<strong> struggled to regain his reputation after BHS entered administration in 2016.<\/strong><\/p>\n<p>The businessman to whom Sir Philip sold BHS for \u00a31 a year before it collapsed, Dominic Chappell, was <a href=\"https:\/\/www.theindustry.fashion\/former-bhs-owner-dominic-chappell-disqualified-from-being-director-for-10-years\/\">earlier this month<\/a> barred from being a company director for 10 years.<\/p>\n<p>Investigators found that Mr Chappell had moved money around the business in the days leading up to its collapse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":68,"featured_media":137685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[5,9762,6,10494],"tags":[15515,11120,12645,10267,10281,9665],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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