Image: Sasko Lazarov Image: Sasko Lazarov IRISH RETAIL WORKERS at Arcadia Group-owned outlets found out about their company’s financial difficulties through the media, according to the trade union that represents them.
Yesterday, the High Court appointed Ken Fennell and James Anderson of Deloitte as provisional liquidators to four Irish companies within the group — Arcadia Group Multiples Ireland Ltd, Topshop/Topman Ireland Ltd, Wallis Retail Ireland and Miss Selfridge Retail Ireland.Fennell and Anderson’s appointment comes after days of speculation about the future of the business following reports in the UK that Arcadia was on the verge of bankruptcy.
Representatives of Deloitte this morning met with workers this morning to inform them of the latest developments, Hogan said. It really is just a horrendous way in which the workers found out… it’s no way for a business like that to communicate with workers. Asked if he was concerned that the situation could deteriorate into a protracted dispute akin to the row over the liquidation of Debenhams’ Irish business, Hogan said, “it’s probably too early to say.
“What we’re asking the company to do now is to confirm overall numbers in relation to the concession workers. So it might be the case that it’s 487 Arcadia workers across all locations including concession stands as well.