Sir Philip Green’s Arcadia Group has announced proposals to close 23 of its stores, putting 520 jobs at risk.
The retail tycoon’s empire put forward a rescue plan which will see the closure of Dorothy Perkins, Burton, Topshop and Topman stores.
Outfit, Miss Selfridge, Wallis and Evans stores have also been earmarked for closure.
It is another blow to Sir Philip, coming weeks after he lost his billionaire status according to the latest Sunday Times Rich List.
UK Arcadia Group closures:
– Aberdeen (Dorothy Perkins and Burton)
– Ashton-under-Lyne (Topshop and Topman)
– Bedford (Topshop and Topman)
– Bluewater, Kent (Miss Selfridge)
– Cheshunt (Outfit)
– Fareham (Topshop and Topman)
– Glasgow, Buchanan Street (Burton and Topman)
– Luton (Topshop and Topman)
– Newcastle, Northumberland Street (Outfit)
– Nuneaton (Topshop and Topman)
– Reading (Dorothy Perkins and Burton)
– Salisbury (Topshop and Topman)
– Southend (Miss Selfridge)
– Stirling (Dorothy Perkins and Burton)
– Swindon (Miss Selfridge, Wallis, Evans)
– Swindon (Dorothy Perkins and Burton)
– York (Dorothy Perkins and Burton)
Ireland closures:
– Cork (Dorothy Perkins and Evans)
– Dublin, St Stephen’s Green (Topshop and Miss Selfridge)
– Dublin, Jervis (Topshop and Topman)
– Dublin, Henry Street (Evans and Wallis)
– Dublin, Liffey Valley (Wallis)
– Galway (Miss Selfridge)
All of the Arcadia stores in the UK and Ireland will “continue to trade as normal” ahead of Arcadia’s crunch meeting with creditors on June 5 as it seeks approval for the closure plan.
All of the retailer’s 11 Topman and Topshop stores in the US are also set to close.
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