Fashion > Retail

Philip Green asks for taxpayer support to prop up Arcadia

1 month ago   |   By The Guardian

Billionaire asks government to pay 14,500 employees out of emergency wage scheme Coronavirus - latest updates See all our coronavirus coverage The billionaire retailer Philip Green is asking for taxpayer help to prop up his crumbling fashion empire with 14,500 employees set to be paid out of the government's emergency wage support scheme. Like other fashion retailers, Arcadia, which owns brands including Topshop, Dorothy Perkins and Miss Selfridge, is facing financial turmoil as the lockdown forces Britons to stop shopping. The company has already asked landlords for rent cuts and paused...
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