Arcadia Group falls into administration with 13,000 jobs at risk across stores including Topshop

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Get the stories that matter to you sent straight to your inbox with our daily newsletter.There are fears that Dumfries town centre could become “a ghetto” after the loss of several well known stores.Debenhams is amongst a host of famous names set to disappear amidst a High Street bloodbath blamed on the impact of Covid-19.It emerged on Tuesday that a rescue deal aimed at saving the department store giant - which traces its roots back to 1778 - had failed to come to fruition.And Dumfries is also set to lose shoe retailer Clarks, with the future of Arcadia group stores - including Burtons and Dorothy Perkins - in doubt.Budget fashion chain Bonmarche was yesterday advertising a closing down sale after the firm collapsed into administration on

Sir Philip Green’s high street empire collapsed last night, putting up to 13,000 jobs at risk.

Sir Philip Green's Arcadia Group has collapsed, putting 13,000 jobs at risk.

Sir Philip Green has been seen relaxing in Monaco amid reports that his retail empire "could fall in hours".

Shoppers are being warned to spend any Topshop, Dorothy Perkins and Burton gift cards they have as soon a possible.

With up to 15,000 Acadia staff ­facing a bleak Christmas as the firm hurtles towards collapse, their tycoon boss Sir Philip Green clearly has no such worries.

miniskirts, dresses and jackets that referenced all the high fashion trends but invariably cost less than £40. So it was with some sadness but not much surprise that I read the news this morning that Arcadia could be on the brink of collapse. It emerged today that Sir Philip Green’s talks with potential lenders to borrow money to get him through the Christmas period have failed and that administrators could be appointed on Monday, putting 13,000 jobs at risk.While Arcadia has many brands to its name - Miss Selfridge, Burton and Dorothy Perkins among them - Topshop is without doubt the jewel in its crown.

The retail empire behind high street fashion brands including Topshop is reportedly on the brink of collapse.Sir Philip Green's Arcadia Group is expected to appoint administrators in the coming days, with around 15,000 jobs at risk.The company, which also owns Miss Selfridge, Dorothy Perkins, Burton, Evans and Wallis, said the coronavirus pandemic and lockdown closures had 'had a material impact on trading across our businesses'.Deloitte is expected to handle the insolvency process, according to the Press Association news agency.Arcadia said it is 'working on a number of contingency options' after Sky News reported the group’s future is in doubt.An Arcadia spokesman said: “We are aware of the recent media speculation surrounding the future

The Daily Star's FREE newsletter is spectacular! Sign up today for the best stories straight to your inboxThe Arcadia Group, which owns online fashion giant Topshop, is facing collapse with around 15,000 jobs reported to be at risk.Sir Philip Green, who owns the empire, is expected to appoint Deloitte administrators as early as next week. The Boohoo Group is reported to be among those looking to take on Topshop, along with Topman.