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- The administration will give Arcadia breathing space from creditors, such as landlords for its shops or clothing suppliers, while a buyer is sought for all or parts of the company. Arcadia executives will still hold day-to-day control over the business.
www.bbc.com/news/business-55139369
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Nov 30, 2020 · 30 November 2020. Getty Images. Topshop, Burton and Dorothy Perkins owner Arcadia has gone into administration, putting 13,000 jobs at risk. The High Street giant has hired administrators...
Nov 30, 2020 · Arcadia retail group collapses into administration. Philip Green’s group becomes highest-profile retail victim of pandemic, putting 13,000 jobs at risk. Arcadia, owner of Topshop, was...
- Jonathan Eley
A firm goes into administration when it becomes insolvent; in effect when it becomes unable to pay its debts. At that point administrators take control of the business and will either force it...
Nov 30, 2020 · The collapse of Arcadia into administration on Monday night brings down the curtain on three decades during which owner Philip Green attracted both admiration and opprobrium for his combative...
- Jonathan Eley
Dec 1, 2020 · The coronavirus pandemic has claimed its biggest retail scalp so far with the announcement on Monday that Philip Green’s Arcadia fashion group has collapsed into administration. Here’s what it...
Nov 30, 2020 · If Arcadia Group does go into administration, Frasers Group is expected to go picking over the carcass, potentially to give a new lease of life to brands like Top Shop or Miss Selfridge.
Feb 8, 2021 · It completes the sell-off of Sir Philip Green's once mighty Arcadia group which fell into administration last year. Last week, rival Asos bought Arcadia's other leading brands, Topshop,...
