Arcadia Group falls into administration with 13,000 jobs at risk across stores including Topshop

p Sir Philip Green#x2019;s a data-content-type=news data-link-tracking=InArticle|Link href=https://www.dailyrecord.co.uk/ayrshire/topshop-dorothy-perkins-burton-brink-23079063Arcadia Group/a has fallen into administration with 13,000 jobs at risk. /p p The high street giant behind a data-content-type=section data-link-tracking=InArticle|Link href=https://www.dailyrecord.co.uk/lifestyle/fashion-beauty/Topshop/a, Dorothy Perkins and Burton have called in administrators Deloitte after rescue talks failed. /p p No redundancies have yet been announced but fears have been raised that several stores across the country will permanently a data-content-type=section-topic data-link-tracking=InArticle|Link href=https://www.dailyrecord.co.uk/all-about/job-lossesclose their doors./a /p img src=https://i2-prod.mirror.co.uk/incoming/article23094604.ece/ALTERNATES/s810/0_JS224101284.jpg title=The Arcadia Group also own Dorothy Perkins data-portal-copyright=Getty/ p/ p/ pThe fashion giant previously said it was on the brink of collapse after being badly hit by the Covid-19 pandemic./p pA statement from Deloitte said: quot;No redundancies are being announced today as a result of the appointment and stores will continue to trade./p pquot;The Joint Administrators are assessing all options available to the Group./p p#x201C;The administrators will be honouring all online orders made over the Black Friday weekend and will continue to be operating all the existing sale channels of the business.quot;/p pIan Grabiner, chief executive of Arcadia, said: quot;This is an incredibly sad day for all of our colleagues as well as our suppliers and our many other stakeholders.quot;/p p#x201C;The impact of the Covid-19 pandemic, including the forced closure of our stores for prolonged periods, has severely impacted on trading across all of our brands./p pquot;Throughout this immensely challenging time our priority has been to protect jobs and preserve the financial stability of the group in the hope that we could ride out the pandemic and come out fighting on the other side./p pquot;Ultimately, however, in the face of the most difficult trading conditions we have ever experienced, the obstacles we encountered were far too severe.quot;/p pMatt Smith, joint administrator at Deloitte, said: quot;We will now work with the existing management team and broader stakeholders to assess all options available for the future of the groupapos;s businesses./p pquot;It is our intention to continue to trade all of the brands, and we look forward to welcoming customers back into stores when many of them are allowed to reopen./p pquot;We will be rapidly seeking expressions of interest and expect to identify one or more buyers to ensure the future success of the businesses./p pquot;As administrators weapos;d like to thank all of the groupapos;s employees, customers and business partners for their support, at what we appreciate is a difficult time.quot;/p pArcadia currently have around 500 stores across the UK./p