British retail tycoon Philip Green's Arcadia Group collapses into administration, putting over 13
British retail tycoon Philip Green's Arcadia Group collapses into administration, putting over 13,000 jobs at risk and becoming the United Kingdom's biggest corporate casualty of the COVID-19 pandemic so far. Arcadia CEO Ian Grabiner blames the pandemic for the company's demise, saying "the obstacles we encountered were far too severe".
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British retail tycoon Philip Green's Arcadia Group collapses into administration, putting over 13,000 jobs at risk and becoming the United Kingdom's biggest corporate casualty of the COVID-19 pandemic so far. Arcadia CEO Ian Grabiner blames the pandemic for the company's demise, saying "the obstacles we encountered were far too severe".