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Business

Topshop, Burton, Dorothy Perkins stores across Kent at risk as Arcadia Group struggles

By: Chris Britcher cbritcher@thekmgroup.co.uk

Published: 08:53, 03 June 2019

Updated: 08:54, 03 June 2019

The future of a host of high street stores will be decided at a crunch meeting later this week.

The Arcadia Group, which includes the likes of fashion chains Topshop, Burton, Miss Selfridge, Dorothy Perkins, Evans and Wallis, announced recently a number of store closures designed to ensure its survival.

Originally a list of 23 - which included one outlet in Kent - that was extended to 50 last week.

Burton and Dorothy Perkins are part of the group's fashion empire

It formed part of a company voluntary agreement (CVA) - a move which sees negotiations take place with creditors and landlords in order for a business to continue to trade.

But the restructuring deal must be agreed at a meeting of the group's creditors taking place on Wednesday.

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If it is rejected, the group, owned by Sir Philip Green, could go into administration or be sold off.

The Arcadia Group is facing the risk of administration unless a deal with creditors can be agreed

Across the nation, it has 560 stores and employs more than 22,000 staff.

It has dozens of outlets across Kent's major shopping centres.

It comes amid a flurry of news impacting high street giants, including Boots, Marks & Spencer and Debenhams, all of which has been attributed to the on-going woes of the high street.

Read more: For the latest business news for Kent

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