Arcadia: Topshop owner faces collapse within hours

“Our offer would allow you to retain employment for many thousands of your staff, reopen hundreds of stores when the current lockdown ends, and protect the financial positions of thousands of members in your pension schemes,” a letter addressed to Arcadia Group executives, and seen by the BBC, said.

Recent Posts

Energy crisis not failure of regulation, says Ofgem boss

Larger suppliers, including Centrica owned-British Gas, have agreed to take on hundreds of thousands of marooned customers, but expect the cost of doing so to be recouped in a mechanism that Ofgem described as "tried and tested" but which bigger companies say is not...

read more

Nike and Costco warn of product shortages and delays

"The factors pressuring supply chains and inflation include port delays, container shortages, Covid disruptions, shortages on various components, raw materials and ingredients, labour cost pressures and truck and driver shortages," said Costco's chief financial...

read more