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Topshop empire 'facing collapse within days' as 15,000 jobs at risk

Dorothy Perkins Philip Green stars reports 2020 prevention Sky News

27.11.2020 - 14:08

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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. Arcadia's Dorothy Perkins and Burton, a menswear brand, is also in danger of closure, putting the group’s entire 15,000-strong workforce at risk.

An industry source described the collapse as "inevitable," after a bid to secure a £30 million loan was unsuccessful, reports Sky News.The publication was told an.

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