Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The Arcadia Group, which owns British fashion brands including Topshop, Dorothy Perkins, and Miss Selfridge, has fallen into administration, Deloitte confirmed Monday night.The company's CEO said COVID-19 was to blame. The pandemic has caused Arcadia's stores to close in two national lockdowns.
"In the face of the most difficult trading conditions we have ever experienced, the obstacles we encountered were far too severe," said Ian Grabiner.. Arcadia's brands have been hit by two national lockdowns, which forced non-essential businesses, including clothing stores, to shut, alongside falling demand for footwear and formal clothing.
Its brands were squeezed between the likes of Inditex's Zara, H&M, and Primark, and online-only players ASOS and Boohoo. Mike Ashley's Frasers Group said on Monday it was interested in participating in any Arcadia sale process.
Alot of these shops shoukd use Clearpay_UK may see rise in sales clearpay used world wide.
I’m pretty sure they were struggling before COVID
Sad development
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the Amex virtual mentorship program helping low-income students - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Great initiative!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside high-end custom pianos with Steinway & Sons CEO, Lenny Kravitz - Business InsiderInside the highest end of high-end pianos, with classic brand Steinway & Sons and its newest collaborator, Lenny Kravitz wow
Source: BusinessInsider - 🏆 729. / 51 Read more »
Webinar: Inside private-equity recruiting at Carlyle, Apollo, Bain - Business InsiderJoin us on Thursday, December 3, at 1 p.m. ET, as Business Insider's Wall Street reporter reedalexander moderates a panel featuring four experienced recruiters from top private-equity firms. They'll share tips on how to make it in the industry and more.
Source: BusinessInsider - 🏆 729. / 51 Read more »
'People are seriously pissed': Inside Google firing a top AI ethicist - Business InsiderInside Google's firing of a top AI researcher, and the academic paper that started the battle: 'People are seriously pissed' nice I love it when these folks find out they’re working for a publicly traded company and not some university/etc — welcome to the real world of actions and consequences. Neuralink will be in next job
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the 'bubble college' U Experience relaunch in January - Business Insider'No masks. No social distancing. A real college experience': Inside The U Experience, which is promising students a 'bubble campus' — for the third time I'm so glad this tech-startup has decided to embark on this huge risk to public health
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the tragic last months of ex-Zappos CEO Tony Hsieh - Business InsiderTony Hsieh sold Zappos for $1.2 billion in his 30s. He was dead by 46. Inside his final Park City months, where he hoped to deliver more happiness as he spiraled.
Source: BusinessInsider - 🏆 729. / 51 Read more »