Failed businessman Mr Chappell had already been declared bankrupt and was recently jailed for tax evasion. Two years ago, he was accused of groping numerous staff and other women. It led to former MP Frank Field calling for him to be stripped of his knighthood. Jump directly to the content. Sign in. All Football. Money News Money Hollie Borland.
What does it mean when a company goes into administration? Administration can last anywhere from a few weeks to up to a year or more. Liquidation is the process of selling all assets and then dissolving the company completely.
Most read in Money. Arcadia was once a darling of the High Street, but long before coronavirus, Sir Philip's brands were struggling against newer, online-only fashion retailers. Boohoo, for example, has also been reported as having an interest in acquiring Arcadia brands. In , it bought the online businesses of Oasis and Warehouse, adding to Karen Millen and Coast, which it acquired in Next in race to buy Topshop firm as deadline nears.
Four reasons Topshop is not the brand it once was. The 'king of the High Street's' biggest challenge. Image source, Getty Images. My heart goes out to all the staff who worked tirelessly to make the brands into icons of the British high street but sadly the majority of whom find themselves out of a job at a time like this.
Sign in or Register a new account to join the discussion. Browse the archive of more than 55, articles, access bespoke in-depth research, read the daily and weekly newsletters in full, receive the print magazine optional , and gain priority access to Drapers events.
We use cookies to personalize and improve your experience on our site. Visit our Privacy Policy and Cookie Policy to learn more. You can opt out of some cookies by adjusting your browser settings. More information on how to do this can be found in the cookie policy. By using our site, you agree to our use of cookies. You can use WP menu builder to build menus. You are here: News.
0コメント