British retail empire Arcadia Group, which owns well-known fashion chains including Topshop, went into bankruptcy protection on Monday, putting 13,000 jobs at risk.
Overseen by tycoon Philip Green, one of Britain's best-known and most controversial business figures, Arcadia includes brands such as Burton, Miss Selfridge and Dorothy Perkins. In another blow to a retail industry hammered by the coronavirus pandemic, Arcadia said it had called in administrators from Deloitte after the pandemic "severely impacted" sales across its brands.
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