Topshop Owner Arcadia Goes Into Administration

Topshop, Burton, and Dorothy Perkins owner Arcadia has gone into administration, putting 13,000 jobs at risk. The High Street giant has hired administrators from Deloitte after the pandemic “severely impacted” sales across the group. No redundancies would be announced immediately, it said in a statement. And Arcadia’s stores will continue to trade as Deloitte considers all options available to the group. Read more at BBC News.