Arcadia Group slashes Irish losses by 90%

Operating losses at the Irish arm of UK retail group Arcadia decreased by 90%, last year, to £151,000 (€210,180). The Irish interest operates the Dorothy Perkins and Burton brands.

Accounts for Arcadia Group Multiples (Ireland) Ltd, show the company’s revenues decreased from £19.74m to £19.57m in the 12 months to the end of August last. The firm had revenues of over £45m in 2012 before it spun-off its Top Man and Top Shop business into a separate Irish firm in 2012.

The firm recorded a pre-tax loss of £763,000 last year. This followed a pre-tax profit of £6.7m in 2013.