Topshop owner Arcadia is likely to close many more shops as it reels under the blow of the coronavirus pandemic.
Apparel retailers have been hit hard by the outbreak. Department store group Debenhams has called in adviser KPMG to consider contingency plans, while quirky fashion specialist Cath Kidston has administrators on standby.
Arcadia, which went through a CVA last year and has had its recovery plan disrupted by the spread of coronavirus, is anticipated to shut “dozens more branches”, according to the Financial Times.
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