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The Arcadia Group – What Went Wrong?
In filing for administration last week, the retail behemoth that is the Arcadia Group became the last in a long line of businesses that the Covid19 crisis has forced into possible bankruptcy. But can the Coronavirus crisis be solely to blame for the fall of this retail empire? The losses of £137.5 million declared in 2019 (down from profits of £119.3 million just 2... -
The End of an Era as High Street Giants Topple
Despite the bad news assailing the retail sector over the last year, and the continuing lockdowns hitting high street brands hard as consumers switched to ordering online, there was always a sense of hope that things would eventually go back to “normal”. There are certain mainstays of the high street that have always seemed untouchable – pillars of the sector which would outlast any...
