Sir Philip Green's Arcadia Group has collapsed, putting 13,000 jobs at risk. The fashion empire, which includes the Topshop, Dorothy Perkins and Burton brands, has hired administrators from Deloitte after the pandemic "severely impacted" sales.
Arcadia, which runs 444 stores in the UK and 22 overseas, said 9,294 employees are currently on furlough. No redundancies have been announced.
Deloitte said the business will continue to trade as normal online and in stores in line with government guidance. Arcadia will also continue to honour all online orders made over the Black Friday weekend and refunds and gift cards will be processed as per usual terms and conditions.
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