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Topshop, Dorothy Perkins and Burton in trouble as Arcadia Group retail empire teeters 'on brink of collapse'

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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.

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