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Topshop owner Arcadia is latest retail giant to collapse into administration

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A pedestrian walks past a closed-down Topshop clothes store, operated by Arcadia, on Oxford Street in central London, England, on Nov. 27, 2020.


AFP via Getty Images

Retailers Next, Boohoo, Marks and Spencer and ASOS are all reportedly eyeing parts of U.K. billionaire Philip Green’s fallen Arcadia empire, which has collapsed into administration after the one-time “King of the High Street” lost his crown.

The privately owned business, which owns brands including Dorothy Perkins, Miss Selfridge, Wallis, Burton, and the Topshop fashion chain, is a major retail…



Source marketwatch.com

Seeks valuation of up to $35 billion

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