Arcadia closing further shops
About 9 Months, 1 Day, 8 Hours, 3 Minutes ago.
Arcadia, the group behind Topshop, Burton and Dorothy Perkins, is set to close another 31 shops after it fell into administration in November.
The stores, including 21 Outfit shops, will not reopen once lockdown is lifted, resulting in 700 job cuts.
Deloitte, appointed to run Sir Philip Green's Arcadia group, are seeking buyers for some or all of the group.
Arcadia had about 444 UK stores when it went into administration, putting about 13,000 jobs at risk.
The retail giant, which also owns Miss Selfridge and Wallis, saw sales slump during the coronavirus crisis amid temporary store closures.
Despite that, experts expect the group to be broken up, with bidders taking on different parts of the business, and brands potentially hived off from their stores.