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Nov 30, 2020 · Philip Green’s Arcadia fashion empire has become the highest-profile retail victim of the pandemic, falling into administration and putting more than 13,000 jobs at risk. In a brief statement ...
- Jonathan Eley
Thousands of former and current staff of Arcadia face cuts to their expected pensions following the collapse of fashion retail group Arcadia. After the group’s administration on Monday...
Nov 30, 2020 · In 2015, it was the fourth-biggest fashion retailer, but this year it has fallen to 10th place, falling by 1.8% to hold just 2.7% of the market, research firm GlobalData reports. Competition on price is another factor in the Arcadia Group’s decline. Topshop and its sister brands sit firmly in fashion’s squeezed middle.
Nov 30, 2020 · 88-year-old retailer BHS goes bust, affecting 11,000 jobs across 164 stores. Sir Philip agrees to pay £363m to make good BHS pension fund. Buys back Topshop stake for $1 from US investor Leonard ...
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 from...
Nov 30, 2020 · “For the past few years, Arcadia and its brands have failed to be relevant to the demographics targeted by the respective brands, and Topshop in particular has lost much of its appeal to the ...
People also ask
What does Arcadia collapse mean for its 13,000 workers?
Is Philip Green's Arcadia bankruptcy nearing its end?
What happens to Arcadia's pensions after the collapse?
Why did the Arcadia Group decline?
Sep 3, 2021 · With a deadline set for November and bidding for his former flagship store–the group’s only notable unsold asset–entering its final stage, clarity is emerging about the size of Arcadia’s ...
