Sir Philip Green’s Arcadia Group has collapsed into administration, putting 13,000 jobs at risk as the retail tycoon’s high street career ends in failure.
RBW News & Insights
RBW NEWS & INSIGHTS
Demands from businesses to extend the furlough scheme were rejected by Rishi Sunak last night – despite the expected delay to ending lockdown.
Primark’s owner will repay £121 million in furlough money claimed under government job retention schemes and pay out a dividend to shareholders despite a slump in profits.
HIGH street fashion chain Edinburgh Woollen Mill (EWM), which owns Peacocks and Jaeger, is close to collapse, with 24,000 jobs in the balance, according to documents filed with the High Court.
The number of struggling UK businesses has soared to “unprecedented levels” since the Brexit vote, and an interest-rate rise this week could push hundreds of thousands of firms over the edge, experts have warned.