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The group did not get a loan of 30 million to cover its liquidity shortage
Bankruptcy filing Arcadia clothing giant by businessman Philip Green on Brittany, after 444 stores in the UK and 22 in other countries abroad, causing a stir in the international market but also intense concern for them 13,000 employees and its destination after the “cannon”.
According to international media, the group to which the Topshop stores also belong failed to get a £ 30 million loan to cover the liquidity shortage it faced. According to Reuters, Deloitte announced Monday night that it has been established Arcadia manager and will look for buyers for the group’s brands, which are: Topshop, Topman, Dorothy Perkins, Wallis, Miss Selfridge, Evans, Burton και Suit.
At the same time, Deloitte announced that stores will continue to operate normally, while there will be no immediate layoffs. “We will quickly look for interesting proposals and hope to find one or more buyers to secure the future of the business,” said Matt Smith, a Deloitte shareholder.
