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Jul 14, 2021 · Administrators to the main holding company of Arcadia Group – the one that went into administration late last year – have already recovered almost £250 million. This was largely achieved through...
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 night ...
Dec 1, 2020 · The fate of 13,000 employees, a £350 million pension shortfall and an estimated £250 million owed to suppliers all hangs in the balance. “With such large numbers the fate of Arcadia will also have an impact on many other businesses across the UK.
Dec 1, 2020 · As Arcadia heads into the hands of administrators, invoice insurance company Nimbla estimates that about £250 million of invoices owed to Arcadia's suppliers will go unpaid. "This will have a ripple effect and threaten the existence of hundreds of small businesses and jobs further down the supply chain," Nimbla said.
Arcadia said at the time that it expected underlying profits to recover to £80m in the year to September 2020, but the pandemic has piled pressure on retailers that still depend on physical...
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.
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Jul 15, 2021 · Administrators to the main holding company of Arcadia Group have already recovered almost 250 million pounds ($345.5 million), largely from the Topshop sale to Asos that enabled a loan repayment.
