Rubicon Retail
Encyclopedia
Rubicon Retail was a British retail group which traded between 2002 and 2006.
The firm was formed in 2002 when a management buyout
of several firms then owned by Arcadia Group
took place. This resulted in high street chains Warehouse and Principles
, and catalogue retailers Hawkshead and Racing Green, being transferred from Arcadia to Rubicon. Warehouse had been part of Arcadia since 1999, having previously been part of Sears plc
, and Principles had been founded by Arcadia's predecessor Burton Group in 1984.
During its lifetime Rubicon sold off Hawkshead and Racing Green, and purchased the Shoe Studio Group, which operated from a series of upmarket shoe retail stores.
In 2006, Rubicon was taken over by Mosaic Fashions
, owner of the Karen Millen, Whistles, Oasis and Coast chains. In 2009, following the collapse of Mosaic, Warehouse ended up in the hands of Mosaic's successor, Aurora Fashions, with Principles ultimately being bought out by Debenhams
- which had been part of the same company as Principles (the pre-Arcadia Burton Group) between 1984 and 1998, and had a number of Principles concessions in its stores.
The firm was formed in 2002 when a management buyout
Management buyout
A management buyout is a form of acquisition where a company's existing managers acquire a large part or all of the company.- Overview :Management buyouts are similar in all major legal aspects to any other acquisition of a company...
of several firms then owned by Arcadia Group
Arcadia Group
The Arcadia Group Limited a British company that owns the high street clothing retailers Burton, Dorothy Perkins, Evans, Miss Selfridge, Topman, Topshop, Wallis and BHS, and the out of town chain Outfit, which sells lines from the other group chains...
took place. This resulted in high street chains Warehouse and Principles
Principles (retailer)
Principles was a UK-based fashion retailer founded in 1984.The firm was launched by the Burton Group as an attempt to capitalise on the new modern trends in fashion; the mid-1980s was the boom era for the yuppie, a new upmarket cultural movement, and power dressing was a key trend: at the time,...
, and catalogue retailers Hawkshead and Racing Green, being transferred from Arcadia to Rubicon. Warehouse had been part of Arcadia since 1999, having previously been part of Sears plc
Sears plc
Sears plc was a large British-based conglomerate. The Company was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but it was acquired by Sir Philip Green in 1999.-History:...
, and Principles had been founded by Arcadia's predecessor Burton Group in 1984.
During its lifetime Rubicon sold off Hawkshead and Racing Green, and purchased the Shoe Studio Group, which operated from a series of upmarket shoe retail stores.
In 2006, Rubicon was taken over by Mosaic Fashions
Mosaic Fashions
Mosaic Fashions hf was the parent company of several fashion brands. The company has 1,760 stores and concessions in the UK, Ireland, Europe and the USA, 234 Franchise stores in 44 countries and 93 joint venture stores including 84 concessions in China....
, owner of the Karen Millen, Whistles, Oasis and Coast chains. In 2009, following the collapse of Mosaic, Warehouse ended up in the hands of Mosaic's successor, Aurora Fashions, with Principles ultimately being bought out by Debenhams
Debenhams
Debenhams plc is a British retailer operating under a department store format in the UK, Ireland and Denmark, and franchise stores in other countries. The Company was founded in the eighteenth century as a single store in London and has now grown to around 160 shops...
- which had been part of the same company as Principles (the pre-Arcadia Burton Group) between 1984 and 1998, and had a number of Principles concessions in its stores.