By Luke Tugby2019-06-14T06:22:00
Arcadia is wielding the axe on 170 head office jobs as Sir Philip Green’s fashion group ramps up its turnaround efforts.
The roles are expected to but cut across the central functions of a number of Arcadia’s brands, including Topshop, Burton, Miss Selfridge, Dorothy Perkins, Evans and Wallis.
Details of the job losses, first reported by The Guardian, emerged merely 24 hours after Arcadia was handed a lifeline by creditors, who voted in favour of a controversial company voluntary arrangement plan.
Following the ballot, Arcadia will close around 50 of its UK stores, with the loss of around 1,000 shopfloor jobs. A further 17,000 roles were saved following the vote.
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