01-12-2020, 10:39
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#683
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Perfect Soldier
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 68
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XL TV V6 Sony Bravia smart TV and M phone
Posts: 11,211
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Re: Changes on the High Street
Quote:
Quote from The Sun: Sir Philip Green’s Arcadia retail empire has fallen into administration, putting 13,000 jobs at risk, administrators have confirmed.
The high street giant, which includes the Topshop, Dorothy Perkins and Burton brands, hired administrators from Deloitte after the pandemic "severely impacted" sales across its brands.
Arcadia Group also owns TopMan, Burton, Miss Selfridge, Wallis and Evans.
Stores will stay open as the business tries to find buyers for the brands.
The group, which runs 444 stores in the UK and 22 overseas, said 9,294 employees are currently on furlough.
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Arcadia also have concessionary outlets in Debenhams, currently in administration, which could also be the end for that store group as well.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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