Arcadia Fashion Group has entered administration with 444 stores and 13,000+ jobs at risk. Arcadia Fashion Group is the parent company of Topshop UK.
Deloitte UK has now been appointed to find a new owner for the business, after suffering serious repercussions from the COVID-19 pandemic.
The pandemic has forced the closure of stores for long periods of time which undoubtedly has impacted trading across all Arcadia Fashion Group's brands.
Protecting jobs and preserving the financial ability has always been the priority for the Group while riding the wave of the COVID-19 pandemic. However, the difficult trading conditions meant the Group had to make one of the biggest and unfortunate decisions ever.
Arcadia Fashion Group are parent company's of Topshop, Topman, Miss Selfridge, Dorothy Perkins, Burton, Wallis, Outfit and Evans.