Make-or-break Arcadia vote postponed

Fate of Sir Philip Green’s retail empire, and 18,000 of its employees, hangs in the balance after crunch meeting rescheduled

wd-topshop_-_peter_summersgetty_images.jpg
Topshop is the jewel in the crown of Philip Green's Arcadia retail empire
(Image credit: Peter Summers/Getty Images)

A vote on Sir Philip Green’s proposal to creditors and landlords aimed at saving his Arcadia retail empire was postponed last night, leaving thousands of the group’s employees in limbo for another week.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More