Published: 17:36, 12 June 2019
| Updated: 17:46, 12 June 2019
Sir Philip Green's Arcadia retail empire has been saved from administration.
The retail giant, which owns stores including Topshop, Miss Selfridge, Dorothy Perkins and Burton faced a vote on re-structuring plans.
The group needed to win 75% of votes among its creditors to be successful.
The prospect of administration threatened the closure of 50 shops across the country and the loss of 18,000 jobs.
It also has concessions in Folkestone's Debenhams and House of Fraser in Bluewater.