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- UK retailer Arcadia is seeking protection from creditors as it scrambles to save 13,000 jobs and brands such as Topshop after clothing sales collapsed during the pandemic.
www.cnn.com › 2020/11/30 › investing
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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
Arcadia Group, the parent company of Topshop, a clothing chain in Britain, said it needed bankruptcy protection because lockdowns have had a “material impact” on its business. Simon...
Nov 30, 2020 · Key Points. Arcadia Group, the British retail empire that has been run by the billionaire Philip Green for 18 years, was placed into a type of bankruptcy protection on Monday, a decision that...
Nov 30, 2020 · LONDON — Topshop‘s troubled parent Arcadia Group, owner of eight retail brands, has filed for bankruptcy in the U.K., marking the end of an era for its colorful, and controversial,...
- Samantha Conti
Nov 30, 2020 · Arcadia, which cut 500 head office jobs earlier this year, was struggling even before the pandemic hit. The group narrowly avoided bankruptcy in June 2019 after it managed to...
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 ...
May 23, 2019 · Arcadia Group, a London-based fast-fashion retailer and operator of the Topshop and Topman brands, filed for bankruptcy in the U.S., citing many of the same challenges facing much...
