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Dec 1, 2020 · Debenhams was left with many underperforming shops which came with high costs, including rising rents, business rates, wages and maintenance. Those liabilities got harder to cover, as revenue ...
Apr 16, 2021 · A week ago administrators at Deloitte, who are overseeing Arcadia’s bankruptcy process, confirmed the sale of the group’s distribution center, for an undisclosed amount, to Prologis, a San ...
Nov 30, 2020 · Arcadia previously turned down a £50 million loan from British sportswear tycoon Mike Ashley's Frasers Group to stave off bankruptcy. The group going into administration means 13,000 jobs are now ...
Dec 1, 2020 · The announcement came less than 24 hours after Topshop owner Arcadia filed for bankruptcy protection. Together, the business failures put 25,000 UK jobs at risk .
Dec 1, 2020 · The pension scheme of the Arcadia group, which is expected to go bust today putting some 13,000 jobs at risk, is labouring under an estimated £350million deficit. The defined benefit pension fund could potentially be picked up by the official lifeboat scheme – the Pension Protection Fund – but that would inevitably see thousands of staff suffer cuts to their retirement income.
Dec 24, 2020 · On Dec. 1, a day after Arcadia went bankrupt, British department store chain Debenhams announced the permanent shutdown of its entire brick-and-mortar fleet across the U.K., where it operates 124 ...
Jan 19, 2021 · The Arcadia group, which owns fashion retail chains such as Topshop, Miss Selfridge, Wallis, Burton and Dorothy Perkins, and has over 400 stores, fell into administration in November 2020, putting 13,000 jobs at risk of redundancy. The administrators are currently seeking buyers for parts or all of the group.
