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Topshop owner Arcadia nearing collapse

Sir Philip Green’s retail empire is on the brink of collapse, with around 15,000 jobs at risk. The Arcadia Group, which runs the Topshop, Dorothy Perkins and Burton brands, is expected to appoint Deloitte as administrators in the coming days. The company said it is “working on a number of contingency options”, after Sky News reported that the group’s future is in doubt.

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