It became known that Arcadia Group, which includes the Topshop trademark, filed for bankruptcy. According to the CEO of the company, Jan Grabiner, the Arcadia Group is currently looking for companies to buy out the brand. Sources name Boohoo and retail owner Frasers among potential buyers.
At the moment, Arcadia Group stores continue to operate despite the pandemic. The owners of the company do not lose hope of at least partially repaying debts to creditors. Previously, Beautiful Lifestyle magazine wrote about how the fashion industry market is going through a pandemic.