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- 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 Deloitte after the pandemic "severely impacted" sales across the group. No redundancies would be announced immediately, it said in a statement.
www.bbc.com/news/business-55139369
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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
With it unable to now pay its lenders, administration represents the firm’s last-ditch attempt to ward off creditors and potentially put in a restructuring plan. Why is Arcadia struggling?
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 ...
- Jonathan Eley
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 · 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 Deloitte after the pandemic...
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...
Dec 1, 2020 · Arcadia Group Ltd. Arcadia retail group collapses into administration. Those who have reached normal pension age will continue to be paid their full pensions and not be affected by the cap....
