arista
18-04-2020, 01:53 PM
[Philip Green's Arcadia group is serving
notice on landlords to walk away
from more than 100 stores by
the end of the summer.
The fashion group owns brands
such as Topshop and Dorothy Perkins
and has 550 stores across the UK,
but all are shut due to
coronavirus restrictions.
Arcadia was struggling before
the pandemic.
In 2019 it did a deal to survive
with landlords to cut rents and
close 23 stores - and 12 more
closed this year.
Like other retailers grappling with
he fallout from deserted high streets
and a collapse in sales,
Sir Philip's retail empire has been
thrown into turmoil. ]
By Emma Simpson Business correspondent, BBC News
https://www.bbc.co.uk/news/business-52333380
Yes but maybe other stores
are more important than his bunch........................
notice on landlords to walk away
from more than 100 stores by
the end of the summer.
The fashion group owns brands
such as Topshop and Dorothy Perkins
and has 550 stores across the UK,
but all are shut due to
coronavirus restrictions.
Arcadia was struggling before
the pandemic.
In 2019 it did a deal to survive
with landlords to cut rents and
close 23 stores - and 12 more
closed this year.
Like other retailers grappling with
he fallout from deserted high streets
and a collapse in sales,
Sir Philip's retail empire has been
thrown into turmoil. ]
By Emma Simpson Business correspondent, BBC News
https://www.bbc.co.uk/news/business-52333380
Yes but maybe other stores
are more important than his bunch........................