Philip Green's Arcadia fights for survival after COVID-19 hit

LONDON - Retail magnate Philip Green’s Arcadia, which owns Topshop and many other British fashion brands, said it was working on a number of options to secure its future after the COVID-19 pandemic hammered its business.

“As a result, the Arcadia boards have been working on a number of contingency options to secure the future of the group’s brands.” Arcadia said its brands continued to trade and its stores would reopen next week when the government’s latest pandemic restrictions ease.The company declined to comment beyond its statement. Deloitte was not immediately available to comment.Even before the pandemic, bricks and mortar clothing retail in Britain was facing a major structural challenge with the economics of operating stores on traditional leases proving increasingly difficult as more trade migrates online.

Source: News Formal (newsformal.com)

Not going to honestly comment here simply because I never like his attitude or legacy and would not do a fair assessment really.

This is the guy who bankrupted one of the most trusted brands on the British high street BHS, and he has asset-stripped his own brands as well leaving them a hollow shell with very few assets. No doubt, the UK taxpayer will end up paying for the shortfall in the pension scheme.

45 and his PSYCH PROJECTION ..orange dude has called folk UGLY, LOSERS, SUCKERS, STUPID ....and NOW it shows ..orange dude is ALL of that ..and MORE! 45 is the definition of a SOCIOPATH! Dude needs PRISON time for these COVID deaths! Cyrus Vance Jr & Leticia James . GET him!

Hi there , i am from brazil , I have no job because coronavirus crisis, I need somebody help me.😰

good luck

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