ITV News published this video item, entitled “Arcadia collapses into administration with 13,000 jobs at risk | ITV News” – below is their description.
Sir Philip Green’s Arcadia retail empire – which contains high street names including Topshop, Dorothy Perkins and Burton – has fallen into administration with 13,000 jobs at risk, administrators have confirmed.
The group, which runs 444 stores in the UK and 22 overseas, said 9,294 employees are currently on furlough.
A statement from administrators Deloitte said no redundancies will be announced today as a result of the appointment and stores will continue to trade.
ITV News YouTube Channel
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