The Philip Green Arcadia Group owned brands such as Topshop, Topman, Dorothy Perkins and Wallis.
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Even before pandemic the company had financial problems and could not keep up with the competition. The crisis hastened its decline.
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Arcadia Group owned 444 stores in Great Britain and another 22 abroad. Stationary trade accounted for the largest part of the group’s revenues. The closing of the stores was the direct cause of bankruptcy.
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Financial shield. Who can apply for support?
In November, the company applied for 30 million pounds loans. However, the chances of adopting the application were slim.
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Arcadia Group employs 13 thousand. people. Ok. 10 thousand is on vacation.
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The bankruptcy estate is managed by Deloitte. It is not known how many jobs will be saved.
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14 min. ago
NormalIt is PIS’s fault, the effect of supermarkets and galleries closed on Sunday! Poles cannot stock up on Sunday and Monday morning! Open in … Read the whole thing
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7 min. ago
JuiiAnd so they will fall one by one. The pandemic called ordinary flu will do anything !!!
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