Sir Philip Green’s fashion retail empire has collapsed into administration.
The Topshop tycoon’s Arcadia Group appointed joint administrators from Deloitte on Monday.
The company, acquired by Sir Philip in 2002 for £850 million, owns high-street brands Topshop, Burton, Miss Selfridge and Dorothy Perkins and runs 444 shops in the UK and another 22 abroad.
It employs 13,000 people, with some 9,294 members of staff on furlough. No redundancies have been announced and stores will continue to trade.
