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Old 27-11-2020, 09:28 AM #1
arista's Avatar
arista arista is offline
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Join Date: May 2006
Posts: 184,375
arista arista is offline
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Join Date: May 2006
Posts: 184,375
Default TopShop empire Arcadia Group collapse into Admin.



Phillip Green
not able to save it.


[Sir Philip Green's retail empire is facing collapse
within days, putting 15,000 jobs at risk
and bringing the curtain down on the
high street career of one of Britain's most
controversial businessmen.
Sky News has learnt that Arcadia Group - which
owns TopShop, Burton and
Dorothy Perkins - is preparing to
appoint administrators from Deloitte
as soon as next week.

One retail industry figure said Arcadia's collapse
had become inevitable after talks with a number
of lenders about an emergency £30m loan
ended without success.
]


https://news.sky.com/story/greens-to...-days-12143752





https://www.bbc.co.uk/news/business-55099374

Last edited by arista; 30-11-2020 at 08:12 PM.
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