Sir Philip Green’s Topshop empire topples, leaving 13,000 jobs in the balance
Written by Rother Radio News on 30/11/2020
Sir Philip Green’s sprawling retail empire has collapsed in the worst single corporate failure of the COVID-19 crisis to date, leaving 13,000 jobs hanging in the balance.
Sky News exclusively revealed on Friday how Arcadia Group was on the brink of appointing administrators from Deloitte following the failure of talks over a £30m loan to help offset a coronavirus cash bleed.
Deloitte has said that none of the group’s employees will face immediate redundancy and stores will continue to trade as normal.
© Sky News 2020