Retail empire ‘Arcadia’, which includes Topshop, Burton and Dorothy Perkins, is understood to be on the brink of collapse.
The long established shops are now at risk. Talks have failed and with the threat of administration, 13,000 UK jobs are considered at risk. The company had taken a £30m loan to keep afloat but this years health pandemic, still ongoing has had a catastrophic effect on sales.
There’s no doubt that Covid is having an affect on the High Street stores and more misery for companies is looking a possibility before this is all over.
106 total views