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Arcadia collapses into administration with 13,000 jobs at risk - BBC News
Posted
November 30, 2020
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November 30, 2020
114,631
984
533
1.32%
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4:48Now PlayingMore than 13 thousand jobs are at risk after the retail empire Arcadia went into administration.
The group - which includes Topshop, Burton and Dorothy Perkins - had been seeking a new injection of cash following lost sales because of the coronavirus pandemic.
However a former boss of Topshop - Jane Sheperdson - has told the BBC that the group's problems go back much further than the pandemic.
She has alleged that Sir Philip Green, Arcadia's chairman, had failed to invest in his retail empire and had made its downfall inevitable.
Huw Edwards presents BBC News at Ten reporting by business editor Simon Jack.
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