Home   Kent Business   County news   Article

Topshop owner Arcadia group avoids collapse

ByKatie May Nelson

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.

Topshop was one of the stores at risk of closure (12206169)
Topshop was one of the stores at risk of closure (12206169)

The prospect of administration threatened the closure of 50 shops across the country and the loss of 18,000 jobs.

The company has Topshop stores in Bluewater, Canterbury's Whitfriars centre, in Maidstone's Fremlin Walk, Tunbridge Well's Royal Victoria Place and Westwood Cross in Broadstairs.

It also has concessions in Folkestone's Debenhams and House of Fraser in Bluewater.

For the latest business news, click here

Join the debate...
Comments |

Don't have an account? Please Register first!

The KM Group does not moderate comments. Please click here for our house rules.

People who post abusive comments about other users or those featured in articles will be banned.

Thank you. Your comment has been received and will appear on the site shortly.

 

Terms of Comments
We do not actively moderate, monitor or edit contributions to the reader comments but we may intervene and take such action as we think necessary, please click here for our house rules. If you have any concerns over the contents on our site, please either register those concerns using the report abuse button, contact us here, email multimediadesk@thekmgroup.co.uk or call 01634 227989.

Close This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.Learn More