Topshop Stores In Ireland Will Remain Open Throughout Christmas Despite Administration

The retail giant was 'severely impacted' by the pandemic.

 

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The Arcadia Group owned by Sir Philip Green has gone into administration, putting 13,000 jobs at risk.

It is believed the ongoing pandemic was the final nail in the coffin, with all 444 stores closed for a large duration of the year and the brands heavily relying on online sales only.

The Arcadia Group owns Topshop, Topman, Dorothy Perkins, Burton, Evans, Miss Selfridge and Wallis.

Explaining that the heartbreaking news comes after the toughest year the retail sector has ever seen, Ian Grabiner, chief executive of Arcadia said: “This is an incredibly sad day for all of our colleagues as well as our suppliers and our many other stakeholders.”

With the likes of rivals Debenhams and Oasis Warehouse sliding into insolvency earlier this year, the Arcadia Group has struggled to remain successful in 2020, with the likes of online competitors ASOS and the Boohoo Group thriving during lockdown.

 

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It is believed that all Irish Topshop stores will however, remain open throughout Christmas, trading as normal, while the administrators are said to be “assessing all options available”.

The Arcadia Group also noted that online sales will continue to operate, with all orders being honoured until further notice.

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