Sir Philip Green’s Arcadia retail empire – which contains high street names including Topshop, Dorothy Perkins and Burton – has fallen into administration with 13,000 jobs at risk, administrators have confirmed.
The group, which runs 444 stores in the UK and 22 overseas, said 9,294 employees are currently on furlough.
A statement from administrators Deloitte said no redundancies will be announced today as a result of the appointment and stores will continue to trade.
• Subscribe to ITV News on YouTube: http://bit.ly/2lOHmNj
• Get breaking news and more stories at http://www.itv.com/news
Follow ITV News on Facebook: https://www.facebook.com/itvnews/
Follow ITV News on Twitter: https://twitter.com/itvnews
Follow ITV News on Instagram: https://www.instagram.com/itvnews/