Why Topshop Owner Arcadia Group Went Into Administration & What This Means For Retail…
???? Why Topshop Owner Arcadia Group Went Into Administration & What This Means For Retail…
The big news this week within the retail and business world is that Arcadia Group, the British multinational retailing company has gone into administration.
For those who don’t know who Arcadia Group is, you may know them as the owner of popular clothing stores Topshop, Topman, Dorothy Perkins, Burton & Miss Selfridges to name a few.
Due to the collapse of Acardia Group, over 25,000 jobs could be at risk adding to the evergrowing unemployment rate percentage here in the UK induced by the global pandemic.
Is this further evidence that brick & mortar retail is dying?
What does this mean for the future of the retail industry, are we on the brink of the retail apocalypse?
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