Taxpayers will take a major hit following the demise of the Arcadia Group, the UK fashion group that fell into administration last year. And just £30 million will be shared by heavily-out-of-pocket unsecured creditors.
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197 published items with the word (s) or phrase Philip Green in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
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![]( "UK taxpayers to take a hit on Arcadia’s collapse, creditors to share just £30 million")
UK taxpayers to take a hit on Arcadia’s collapse, creditors to share just £30 million -
![]( "Bids of up to £200m sought for Topshop, Green said to favour Boohoo")
Bids of up to £200m sought for Topshop, Green said to favour BoohooThe Arcadia administrators have reportedly put a price of around £200 million on its star chain Topshop, with attempts to get a deal signed pre-Christmas. That could mean initial bids being filed within the next week.
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![]( "Arcadia's brands 'lose half their value' in under a year")
Arcadia's brands 'lose half their value' in under a yearArcadia’s brands were estimated to have a total value of £800 million back in January but that has more-than-halved today as its administrators seek buyers for the various assets.
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![]( "Peacocks e-tail manager makes bid for chain, but stays committed to stores")
Peacocks e-tail manager makes bid for chain, but stays committed to storesA Peacocks manager has made a bid for the failed company in a move that could save its 4,900 jobs and 470 stores and concessions following its November administration filing.
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![]( "Bonmarché is latest retailer to collapse with new administration filing")
Bonmarché is latest retailer to collapse with new administration filingThree days into the week and now a third major chain has collapsed. On Wednesday, value womenswear business Bonmarché filed for administration again, with 1,500 jobs at risk.
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![]( "UK government looking at conduct of Arcadia directors - PM Johnson")
UK government looking at conduct of Arcadia directors - PM JohnsonBritish Prime Minister Boris Johnson said on Wednesday the conduct of directors of collapsed fashion group Arcadia will be examined.
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![]( "As Arcadia fails, speculation mounts over its future, fears grow for its suppliers")
As Arcadia fails, speculation mounts over its future, fears grow for its suppliersArcadia is now operating in administration with speculation that Boohoo, Frasers, Next and M&S would be interested in buying parts of it. There are also fears over the knock-on effect on its suppliers.
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![]( "Arcadia administration imminent: could Frasers or Boohoo buy brands?")
Arcadia administration imminent: could Frasers or Boohoo buy brands?Giant fashion group Arcadia is believed to be on the verge of the worst UK corporate collapse of the Covid crisis, with the firm expected to go into administration as early as Monday. This would put 13,000 jobs at risk.
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![]( "Frasers claims it's excluded from Debenhams auction due to lack of data")
Frasers claims it's excluded from Debenhams auction due to lack of dataFrasers Group CEO Mike Ashley is reportedly angry at being “excluded” from the Debenhams auction saying data provided about the business was “woefully inadequate” and too vague to allow him to bid.
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![]( "Arcadia could permanently shut many more stores - report")
Arcadia could permanently shut many more stores - reportIt's believed that Arcadia could need to close many more stores than it had planned to as the coronavirus crisis continues to crush UK fashion retail. Its 2019 CVAs included clauses allowing extra closures to happen.