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UK’s Arcadia Group faces collapse within days, 13,000 jobs at risk

UK’s Arcadia Group faces collapse within days, 13,000 jobs at risk

UK’s Arcadia Group is facing imminent collapse putting 13,000 jobs at risk in a latest sign how badly the retailers have been hit by Covid-19 pandemic. Sky News reported that in a last-ditch effort to save Arcadia, which owns Topshop, Burton and Dorothy Perkins, administrators from Deloitte will be appointed soon. Arcadia’s talks with lenders for £30 million loan failed, leading to the situation.

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