Top Shop owner cuts losses from €14m to €327k

Pre-tax losses at the Irish arm of a UK retailer that sells the Top Shop, Dorothy Perkins, Top Man and Burton brands last year narrowed sharply from €14m to £277,000 (€327,947).

Accounts just filed by Arcadia Group Multiples (Ireland) Ltd to the Companies Registration Office show that the firm reduced its losses after revenues decreased by 9% from £51.3m to £46.6m in the 12 months to the end of Aug 25 last year.

The reduction in losses arises from exceptional charges reducing from £14m to £1.78m.