High alert[edit | edit source]

Debenhams collapses and Arcadia goes in to administration due to a mixture of: lockdown, the decline of the Arcadia group's shares, both firm's poor fiscal situation, the approximately £350m pensions black hole in Arcadia Group, obsolete store locations in both retailers cases and Debenhams's initial reluctance to go on line.

12,000 Debenhams workers and about 13,000 Arcadia workers will lose their jobs.

Source[edit | edit source]

  1. https://www.bbc.co.uk/news/business-55142724
  2. https://www.bbc.co.uk/news/business-55139713
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