Arcadia Group collapses into administration. The collapse of Sir Philip Green's retail empire leaves 13,000 jobs hanging on a thread. It becomes just another corporate failure from COVID-19. The retail empire operates from 444 UK sites and 22 overseas.

Is Arcadia going out of business?

Sir Philip Green's fashion empire Arcadia is no more, with its famous brands, including Topshop, carved up by online retailers leaving behind a ghost chain of 500 shops. The sale to Boohoo of its last three high street names – Dorothy Perkins, Wallis and Burton – was confirmed this week.

What is happening with Arcadia?

November 30, 2020: Arcadia Group ultimately collapsed into administration, affecting 13,000 jobs. December 2020: UK ministers said they were keeping “a close eye” on Arcadia Group's administration due to the controversy surrounding the management of the company.