Arcadia in trouble!

It has been reported this afternoon that The Arcadia Group is likely to appoint administrators as soon as Monday, as talks with potential lenders have broken down.

Arcadia, which is Sir Philip Green’s empire and includes Dorothy Perkins, Topshop and Burtons, employ some 13,000 employees across its 500 shops, whose jobs are now at risk.

Blaming the pandemic, a spokesperson for Arcadia said it “has had a material impact on trading across our businessess”.

Lets see if the company can be saved over the weekend, or if in fact it goes into administration on Monday….. watch this space!

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