Topshop owner Green in €188m loss

British retailer Philip Green’s Topshop-to-Dorothy Perkins fashion empire has reported an after-tax loss of £169m (€188m) for the year to the beginning of this month, blaming it on a trading environment that had changed dramatically.

Arcadia Group — which is ultimately owned by Mr Green’s family — staved off collapse in June when its creditors narrowly approved a plan to close stores, cut rents, and change pension scheme funding.