Years: Arcadia and Asos

years: He is struggling to compete against fast-growing online specialists such as Boohoo and Asos as well as cheaper rival Primark, according to The Guardian. Three years ago, Arcadia was making nearly 200m in underlying profits. The former king of the high street, who employs 18,000 workers, is battling for survival after a collapse in sales and profits at his fashion chains, which includes Topshop, Burton, Dorothy Perkins, Miss Selfridge, Wallis, Evans and Outfit. Sales at established stores are down 9% this year. But documents seen by the Guardian show the scale of the financial hit to landlords if they accept a cost-cutting plan designed to prevent the fashion retail group collapsing into administration. Green has promised his turnaround plan, backed by just 50m of new investment, will reverse the slump and generate profits of 80m by 2020. (news.financializer.com). As reported in the news.