UK’s Arcadia mulls ‘contingency’ plans due to virus impact


Topshop owner Arcadia says forced closure of its stores for sustained periods as a result of the Covid-19 pandemic has had a material impact on business. – EPA pic, November 27, 2020.

BRITISH retail giant Arcadia, owner of a string of coronavirus-ravaged high-street clothing chains, said today that it was mulling its options after a report claimed it was facing collapse.

Sky News said 15,000 jobs were at risk at the group, which owns Topshop, Topman, Dorothy Perkins, Burton, Miss Selfridge, Evans and Wallis, and it could appoint administrators Deloitte “within days” following unsuccessful talks with lenders about an emergency loan.


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