Philip Green’s retail empire on brink with 13,000 jobs at risk – BBC News


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Philip Green’s retail empire on brink with 13,000 jobs at risk - BBC News



Sir Philip Green’s retail empire Arcadia – which owns big name high street stores like Topshop, Burton and Dorothy Perkins – is on the brink of collapse, putting 13 thousand jobs at risk.

The business has more than 500 stores and has been run by Sir Philip Green, for almost 20 years. It’s understood administrators could be appointed within days.

Arcadia said the Coronavirus pandemic was having a “material impact on trading” across its businesses and its board was exploring all options.

Sophie Raworth presents BBC News at Ten reporting by business correspondent Emma Simpson.

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38 Comments

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  1. Bullet dodged because I applied for a web design job with them. At the time I was annoyed because they were so picky, but guess what aspect of their business is failing ? Yeah it’s the web and digital side

  2. Look at them now!
    I remember in the 80s Thatcher-Reagan era, individualism and capitalism became the mantra.
    They evolved into anti-communist preppies to yuppies to evangelical ideologues in 40 years leaving a trail of tears, economic devastation, chronic crisis, in their wake.

  3. Why do people think this isn't planned? This is exactly how rich business people make their money. The bankruptcy process is an industry for these people. They forfeit having to pay pensions, severance pay, taxes and debts and walk away with millions. Even Trump made his money this way.

  4. He's got enough money in his own account to bail it out, in fact, he popped enough money into his wife's bank account for a bailout. I wonder if this will get him out of his pension liabilities? The man should lose his knighthood but don't hold your breath for that to happen.

  5. mine is a "provocative" proposal to insert on billboards in all communication "sectors" ……….. questions of philosophy of quantum physics and quantum mechanics ECT ……. ECT ……. THE GLOBAL AND WORLDWIDE PEOPLE WOULD BE MORE REWARDING! 29.11.2020 mauro stocovaz

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