Topshop, Burton and Dorothy Perkins owner Arcadia goes into administration, with 13,000 jobs at risk
Deloitte has said that none of the group’s employees will face immediate redundancy and stores will continue to trade as normal.
The collapse of the group, which owns Topshop, Burton and Dorothy Perkins, is the biggest UK corporate failure of the pandemic so far.
A statement from administrators Deloitte said: ‘No redundancies are being announced today as a result of the appointment and stores will continue to trade.
‘The Joint Administrators are assessing all options available to the Group.
‘The administrators will be honouring all online orders made over the Black Friday weekend and will continue to be operating all the existing sale channels of the business.’
