Sports Direct owner Mike Ashley is ‘interested’ in a deal to takeover Arcadia Group including Topshop, Burton and Dorothy Perkins after it emerged Sir Philip Green’s empire could face collapse within a matter of days – putting 13,000 jobs at risk.
Mr Ashley, a long-time business rival of Sir Philip, said today that he was looking at all of the group’s brands, less than two years after insisting he wouldn’t buy any part of Arcadia even ‘for a pound’.
That came after MPs were told in 2016 that the Arcadia boss personally blocked a deal that could have rescued BHS because he held a bitter grudge against Mr Ashley, who is also the owner of Newcastle United FC.
In what could be the biggest UK corporate collapse of the coronavirus pandemic so far, the Arcadia Group is set to appoint administrators from Deloitte as early as next Monday although the plans could still be delayed.
The revelations emerged on Black Friday today as non-essential retailers in England stayed shut while the four-week lockdown continues, with the crisis having already claimed 250,000 job losses or potential redundancies.
The move, which is said to have come after Sir Philip could not secure an emergency £30million loan to keep the retail giant afloat, puts its 13,000 staff at risk of redundancy, four months after it axed 500 roles in its head office.
Bosses at the Usdaw union said it was ‘a devastating blow for workers at Arcadia and could not have come at a worse time, just before Christmas’, adding that they were seeking urgent meetings with management.
And Julie Palmer, partner at restructuring firm Begbies Traynor, said: ‘The mood music would suggest that Sir Philip Green has used up his last lifeline, and administration may be the inevitable destination for Arcadia.’
Sir Philip Green, pictured in Monaco on Tuesday, is said to have been unable to secure an emergency £30million loan
Sir Philip with (from left) Alexa Chung, Pixie Geldof, Kendall Jenner, Cara Delevingne and Jourdan Dunn in London in 2015
Sir Philip, who bought the London-based high street group for £850million in 2002, had asked lenders for support after lockdown restrictions hammered sales, disrupting crucial trading in the run up to Christmas.
There is expected to be a rush among creditors to secure the company’s assets if its insolvency is formally declared. Sources close to the process confirmed the reports initially on Sky News to the PA news agency.
ANALYSIS: Arcadia would be the ‘brightest star of the high street to fall’
By Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown
Arcadia was struggling before the pandemic but it still would be the brightest star of the high street to fall.
The group’s Topshop brand used to lead the fashion retail pack, but with online competition so fierce from the likes of Asos and Boohoo, trading had become much tougher.
The pandemic not only accelerated these trends but threw the retail empire into chaos with the forced closures of 550 stores. Tinkering around with rent reductions and the dramatic shrinkage of the business it seems may have been a case of too little, too late.
It will be a major blow for Sir Phillip Green who styled himself as the King of the high street, and who helped fund a retail academy round the corner from the flag ship Oxford Street Top Shop store.
But fashion has been a major retail casualty of the pandemic, with in store sales down by 22 per cent in October. Fresh lockdowns and digital drift are only adding to the pain.
If the brands do survive, it will have to be with a much smaller bricks and mortar footprint and a much bigger presence online. There is likely to be intense interest in the Topshop business in particular, with its fashion credentials and strong customer base, although the Dorothy Perkins and Burton brands may be a much harder sell in the hard to shift mid-market.
Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, told MailOnline today: ‘If Arcadia Group is placed into voluntary liquidation, it would be the biggest British corporate collapse of the pandemic so far.’
A spokesman for Sir Philip, 68, said he was unavailable for comment when approached by MailOnline today.
Today, tweeting shortly before 4pm, ITV business editor Joel Hills said: ‘I have just come off the phone with Mike Ashley who told me he is interested in a deal to takeover the Arcadia group. He says he is interested in all of the brands.’
In March 2019, Mr Ashley told the Times he would not buy Sir Philip’s Arcadia group even ‘for a pound’, quashing speculation that he was considering an acquisition of it or a partnership with private equity firm
He said: ‘Let me be completely clear. I wouldn’t buy any part of Arcadia either with Leonard Green or directly for a pound.
‘I am not getting involved with that pension deficit in Arcadia for reputational reasons. It is not for me.
‘I don’t know where the story is coming from — for all I know Philip is putting it out there that I am going to buy [Arcadia Group] — but I am not interested.’
And in June 2016, Dominic Chappell, who bought the chain from Sir Philip for £1, told MPs that before administrators were appointed he was close to selling BHS to the Sports Direct billionaire.
But Mr Chappell claimed Sir Philip went ‘absolutely insane’, adding: ‘Sir Philip Green was screaming down the phone, saying he didn’t want to get involved with Mike Ashley.’
The owner said he even offered Mr Ashley his shares, but his attempt was ‘railroaded’ by the Topshop tycoon – who called in a £35million loan held by his Arcadia group, pushing BHS into administration.
Mr Chappell added: ‘If Sir Philip had assisted us, we could have saved BHS. We were in the throes of beginning a turnaround’.
Earlier this month Mr Chappell was jailed for six years for evading tax on the £2.2million income he received from his doomed takeover of BHS.
Arcadia Group said it had been working on ‘contingency options’ to secure the group’s future, and that it expected its stores to reopen next week when the UK Government’s latest four-week lockdown ends.
England is in the midst of a lockdown due to the pandemic that has forced the closure of all shops selling items deemed to be non-essential. The lockdown expires next Wednesday when all shops will be allowed to reopen.
A spokesman for Arcadia also admitted that the ‘forced closure of our stores for sustained periods as a result of the Covid-19 pandemic has had a material impact on trading across our businesses.’
Sports Director owner Mike Ashley (pictured in July 2019) is said to be ‘interested’ in a deal to takeover Arcadia Group
The statement added: ’The brands continue to trade and our stores will be opening again in England and ROI as soon as the Government COVID-19 restrictions are lifted next week.’
Arcadia owns the Topshop, Topman, Dorothy Perkins, Wallis, Miss Selfridge, Evans and Burton brands, trading from over 500 stores up and down the country.
Sky News initially reported 15,000 jobs were at risk, but it is now believed that figure is closer to 13,000.
Arcadia made around 500 redundancies at head office in July, and the further difference is down to staff who have left during the pandemic or moved to other industries during the first lockdown.
Greg Lawless, equity analyst at Shore Capital, told Sky News: ‘The Arcadia stable has been bleeding for years.
‘It has lost market share to Primark, it has lost market share to the online boys in Boohoo and Asos and it is an underinvested estate. Lockdown too has possibly been the nail in the coffin to the business.’
Sir Philip’s £100million super yacht Lionheart was docked in Monaco earlier this week as the England lockdown continues
Asked if Sir Philip had contributed to the situation, he said: ‘Yes very much, Topshop was the jewel in the crown and remember he did a deal with private equity a few years ago but that didn’t lead to anything.
‘The rest of the stable, Burton, Topman, and Dorothy Perkins etc are kind of middle men, caught in the middle between the discounters, like Primark, at one end and the online disruptors at the other.
He said such as like Sosander and Nobody’s Child had ‘come into the market and basically eaten its lunch and it’s sadly stuck in the middle in No Man’s Land – and very sad’ for the employees.
Russ Mould, investment director of AJ Bell, told Sky News: ‘It has underinvested in the online shift and it does have that horribly big pension deficit which has been weighing it down for some considerable period of time and limiting its room for financial manoeuvre.’
He added: ‘Although Topshop is probably just about holding its own the other brands like Dorothy Perkins and Miss Selfridge, I don’t think they have been making money for a very, very long period of time.
‘They really suffered when some of their big concession sites like Debenhams and the big department stores began to go.
The Topshop store on Oxford Street in London’s West End is closed this morning on what is Black Friday despite the lockdown
‘Again, a combination of events have caught up with Arcadia and it’s been a classic example of how to firms fail first slowly and then ultimately very quickly.’
Asked if this was the end of Sir Philip, he said: ‘I think that’s probably right, I know with a lot of people he’s persona non grata anyway and when you get comedians satirising you in films you probably know your time is fairly close to being up, anyway.’
Online retailer Boohoo is among a number of businesses expected to consider taking on Topshop should it appoint administrators next week as reported.
Other brands could be saved by investors or become online-only fashion labels, like Cath Kidston, Oasis and Warehouse. It is understood Sir Philip is unlikely to attempt to repurchase any of Arcadia’s trading operations.
It was reported earlier this month that Arcadia was drawing up plans for administration, but a spokesman for the retail group denied this was the case.
He added the firm was ‘taking all appropriate steps’ to protect itself from the pandemic’s impact.
The Arcadia Group is the latest retailer to have been hammered by the closure of stores in the face of coronavirus, with rivals including Debenhams and Edinburgh Woollen Mill Group all sliding into insolvency since the pandemic struck in March.
Even before the pandemic, bricks and mortar clothing retail in Britain was facing a major structural challenge with the economics of operating stores on traditional leases proving increasingly difficult.
Peacocks and Jaeger fell into administration last week, following that of Oasis, Warehouse and Laura Ashley earlier this year.
The group has more than 500 retail stores across the UK, with the majority of these currently shut as a result of England’s second national lockdown, which will end next week.
Richard Lim, chief Executive of Retail Economics said of Arcadia: ‘Efforts to turn around the business appear to have faltered with the impact of the pandemic too significant a challenge for the once much-loved retailer.
Dorothy Perkins and Burton (file picture) are among the other high street fashion brands owned by Arcadia Group
‘Clothing has been that the hardest hit sector with the disruption to the way we live, work and play undermining the need for new outfits for many consumers. However, their demise has been accelerated because of an online proposition that falls way behind that of their competitors.
‘Years of underinvestment in the digital channel has severely restricted their ability to trade successfully through this hugely difficult period.
‘If this business does eventually fail, it will leave gaps across many of our high streets where they have occupied shops for decades.’
And Ms Palmer, partner at Begbies Traynor, added: ‘Undoubtedly, the High Street has been severely punished by a second lock down, which has compounded fortunes for fashion retailers already struggling to survive in a wildly competitive market.
‘The business has faced a number of much-publicised difficulties in recent years, including an investigation from the pensions regulator.
‘Having already thrown every possible recovery tool at a company voluntary arrangement in 2019, it does not appear to have paid off. However, it may not be the end for these enduring retail brands, which may attract the attention of trade buyers.’
The rise and fall of Sir Philip Green’s retail empire: How Topshop and Dorothy Perkins owner Arcadia, which once paid out BILLIONS in dividends and signed up Kate Moss and Beyonce to sell its clothes, now teeters on the brink of collapse
For three decades Sir Philip Green has ruffled feathers at the top of the British retail industry – clinching deals, incurring controversies and all while making eye-watering wealth.
He stands atop an empire in Arcadia, which boasts a stable of some of the most well-known brands in fashion, including Topshop and Dorothy Perkins.
But after years of making its stores a staple of high streets, Arcadia finds itself a victim of its own success and teeters on the brink of collapse as shoppers increasingly look online.
Philip Green with his wife Tina Green attend a Christmas party together at BHS Oxford Street in 2002
Sir Philip Green and Kate Moss open the Topshop and Topman flagship store in New York in April 2009
Sir Philip with Kim Kardashian (left) and Kourtney Kardashian (right) at Aqua in London on November 8, 2012
Sir Philip and Beyonce Knowles at Fashion Rocks in aid of the Princes Trust at the Royal Albert Hall in London in October 2003
Max Irons, Cara Delevingne and Sir Philip for the Topshop Fifth Avenue store opening in New York in Novemeber 2014
Anna Wintour and Sir Philip attend the Topshop Brompton Road store opening in West London on May 19, 2010
Sir Philip’s £100million superyacht Lionheart is pictured in Valletta, Malta, in November 2017
At stake is a 120-year legacy to which the company traces its roots when 18-year-old Lithuanian immigrant, Montague Burton, borrowed £100 to launch the first Burton store.
Timeline of key events in Sir Philip Green’s career
Sir Philip Green is reportedly close to calling in administrators at Deloitte to his Arcadia chain, which owns Topshop and Dorothy Perkins.
The businessman’s career has spanned massive highs, including a £1.2 billion payout in 2005, but has also been marred by a pensions scandal, and accusations of sexual harassment.
Here is a timeline of his rise and fall in the world of fashion.
– 1979: Sir Philip, then just plain old Mr Green, buys up the stock of 10 designer outlets that have failed. He dry-cleans the stock and puts it up for sale again in a shop in Mayfair.
– 1981 to 1988: The aspiring businessman sets up several businesses, many with his mother Alma. Like the Joan Collins Jeans Company, many fail to get off the ground, and several are liquidated. He also makes several successful deals during this time.
– 1988: Sir Philip is hired as the boss of Amber Day, the listed menswear group. He scores several victories in the role, and Amber Day’s share price rises. But he leaves in 1992 after the company misses on profits.
– 2000: Sir Philip buys FTSE 100-listed department store BHS for £200 million. He quickly gains plaudits for turning the struggling business around.
– 2002: Sir Philip buys Arcadia Group, the owner of Topshop, through family business Taveta.
– 2004: The businessman tries to take over high street giant Marks and Spencer but pulls out after getting very close to sealing a deal.
– 2005: Arcadia pays out a £1.3 billion dividend, £1.2 billion of which goes to Sir Philip’s wife Tina, who lives in Monaco so does not have to pay UK tax.
– 2007: Topshop launches a range of clothes designed by supermodel Kate Moss.
– 2010: Protesters gather outside Topshop in Oxford Street, alleging the businessman is avoiding income tax.
– 2015: Sir Philip sells BHS to Dominic Chappell for £1.
– 2016: BHS goes into administration, leaving a pension deficit of £571 million, and costing 11,000 people their jobs.
– 2016: MPs pass a motion to remove Sir Philip’s knighthood over the pensions scandal. He later pays £363 million into the scheme.
– 2018: The Telegraph reports that staff are accusing an unnamed businessman of sexual harassment and racial abuse. Sir Philip is later identified by an MP as the businessman in question.
– 2020: Covid-19 hits the high street. Arcadia closes 550 stores and furloughs 14,500 employees.
But Sir Philip’s 18 years at the helm have been the most influential on the business.
By 2002 when the Green family acquired Arcadia for £850million, Sir Philip was already a major player in the industry having been chief executive of listed company Amber Day in the early 1990s.
He had also bought flagging store BHS in 200 and was adamant he could revive its fortunes.
Upon purchasing Arcadia, he immediately sold the company to his wife Tina Green who lives in Monaco, a tax haven, and continues as chairman.
In 2005 Sir Philip paid himself £1.2billion in dividends from Arcadia, more than four times the company’s pre-tax profit.
Nevertheless its crown and glory brand, Topshop, quickly became a runaway success and was popular among millennials after supermodel Kate Moss began designing outfits.
Sir Philip forged a personal friendship with Moss and has often been seen embracing her at lavish parties, as he has with other stars such as Naomi Campbell.
Looking to expand, Topshop opened its first store in the US in 2009 with a branch on Broadway in New York City, and other outlets in the Far East.
In 2012, when Arcadia sold a 25 per cent stake in Topshop to an LA private equity firm, it was valued at £1.4billion – for some cementing Sir Philip’s position as ‘King of the High Street’.
But by then the economic shocks of the 2008 financial crash and a failure to capitalise on the booming online market had started manifesting in bleak balance sheets across other parts of the company.
This led to one of the most memorable and controversial takeovers on recent history, when in 2015 Sir Philip sold ailing BHS to serial bankrupt Dominic Chappell for £1.
Just 11 months later the company finally collapsed and earlier this month Chappell was sentenced to six years in jail for tax evasion during his time running BHS.
The collapse of BHS cost 11,000 people their jobs and, perhaps more controversially, the company left a pension deficit of around £571million.
The Pensions Regulator later said that Sir Philip’s main reason for the £1 sale a year before BHS’s collapse was to avoid the pension deficit that was hanging over the firm.
Sir Philip’s handling led calls for him to be stripped of his knighthood and in 2016 MPs passed a non-binding motion for it to be revoked.
He attempted to quell the fury by making a £363million payment into the BHS pension fund.
But demands for him to relinquish his knighthood were reignited in 2018 when he became the subject of sexual harassment and bullying allegations.
He was named by Lord Hain using parliament privilege as the individual who had taken out an injunction banning press reporting on the accusations.
The following year he was charged with four counts of misdemeanour assault in the United States after an Arizona pilates instructor accused him of repeatedly touching her inappropriately.
At the time the allegations emerged he was trying to steer Arcadia through choppy business waters.
In its 2018 accounts, it reported a £93million pre-tax loss compared with £164million profit the previous year.
Sir Philip poses for a photograph following an interview inside the Topshop store on Oxford Street in London in 2012
Sir Phil with former prime minister Tony Blair at the opening of The Fashion Retail Academy in London in October 2006
Sir Philip and Kate Moss at a Topshop show for London Fashion Week at the Open Air Theatre in Holland Park, London, in 2006
Sir Philip and Bernie Ecclestone at the Monaco Grand Prix race on May 16, 2010
Sir Philip and Nigella Lawson at the Vogue Magazine 90th Anniversary Party at the Serpentine Gallery in London in 2006
Sir Philip with his wife Tina (left) and Kate Moss (right) during London Fashion Week at the Natural History Museum in 2007
Sir Philip and Simon Cowell at a London Fashion Week party at Cafe Royal in London on September 2006
Its statement at the time blamed a dramatic change in the retail landscape and fierce competition from online rivals.
In 2019 through a restructuring as part of a Company Voluntary Arrangement, the Group wound down 23 loss-making stores.
The squeeze on Arcadia from online sellers like PrettyLittleThing, coupled with being undercut by cheaper clothes from the likes of Primark have only compounded the firm’s woes heading into the pandemic.
Lockdown has starved the High Street of footfall by shuttering all non-essential shops.
Moreover, Debenhams, which sells some of Arcadia’s brands, is in administration talks.
Pint-drinking billionaire nicknamed The Chav King of the High Street whose Sports Direct empire started with a single sports shop and a £10,000 loan
Former squash coach Mike Ashley started his business career in a Maidenhead sports shop and went on to become one of Britain’s richest men.
No doubt he is a ruthless and successful businessman but he has often appeared more comfortable with a pint in his hand at the football than in a suit on business.
He came from a humble background and has developed a reputation for frugality.
Even when he was on his path to making his millions he preferred to drive around in a clapped-out Vauxhall Cavalier while his glamourous Swedish wife Linda had an Aston Martin DB4.
But this didn’t last forever because Mr Ashley traded it in for a new Ford Sierra a few years later.
Mike Ashley and his ex-wife Linda, who bears a resemblance to fellow Swede Britt Ekland, marched down Whitehall in a white dress, sunglasses and heels to support the under-fire businessman as he faced MPs in June 2016
Mr Ashley’s 33-room pillared mansion in London’s Beverly Hills in Barnet has a sweeping drive, four garages and its near-neighbours are said to include Arsene Wenger and several members of One Direction.
It is a world away from when he started Sports Direct 34 years ago with a £10,000 loan from his parents.
He built it up from a single shop in Maidenhead, Berkshire, into one of the nation’s most successful retailers and holds a 55 per cent stake in the company, currently valued at around £1.4billion.
Never mind that most of the tracksuits and training shoes he sells are worn by unsporty couch-potatoes rather than gym bunnies, or that the rough-diamond entrepreneur has been nicknamed The Chav King of the High Street.
Sports Direct’s trophy assets include the prestigious Lillywhites sportswear emporium at Piccadilly Circus, and world-famous brands including Dunlop, Everlast and Slazenger.
Mike Ashley, pictured wearing a Newcastle United FC scarf, bought the club in 2007 but many fans are not keen on him
Along the way, Mr Ashley has been dogged with controversy — particularly over allegedly ‘Dickensian’ working conditions at the company’s main warehouse in Shirebrook, Nottinghamshire.
Management meetings are frequently held in the nearby Lion Hotel, and can last until 3am. Sports Direct’s senior executives live locally in a cluster of houses, worth around £400,000 each.
However, there is a limit to his frugality: Mr Ashley has a helicopter to fly between his mansion and the office. He also bought Newcastle United but many fans are not keen on him. For a period he was unable to take his family to matches for fear of abuse.
He said at the time: ‘I’m a dad who can’t take his kids to a football game on a Saturday because I’m advised we would be assaulted.’
For most of the working week, he’s at the company’s unglamorous nerve-centre in Shirebrook.
The billionaire does not even have his own office but holds court from a desk in the middle of an open-plan office, where he sits until around 2am on some days.
A gardener who works on another house next door to Mr Ashley’s Barnet home said he sees the billionaire’s helicopter fly over almost every Wednesday.
Sports Direct owner Mr Ashley. For most of the working week, he’s at the company’s unglamorous nerve-centre in Shirebrook
His 54-year-old ex-wife Linda, who bears a resemblance to fellow Swede Britt Ekland, marched down Whitehall in a white dress, sunglasses and heels to support the under-fire businessman as he faced MPs in June 2016.
And after a 12-year break it was also confirmed they were back together – but despite the rekindled romance MailOnline understands they still live in separate mansions just a mile apart.
After their divorce interior designer Mrs Ashley, who is mother of the billionaire’s three children, went on to have a relationship with businessman Simon Brodin, an ex-boyfriend of S Club 7 pop star Rachel Stevens, and had a son, Tyler, now 12, by him.
But in 2014 Mrs and Mrs Ashley were seen stepping into his Bentley after a series of central London dates, including a key dinner in a local curry house.
The famously reclusive billionaire has barely given an interview for a decade and never comments on his private life – but friends have previously claimed he could propose to his ex-wife again and had even lost weight after finding happiness with her again.
While he toils away in Shirebrook, his adult children Ollie, 29, Anna, 28, and Matilda, 23, and ex-wife, enjoy a more extravagant existence.
While their father is known to shun expensive suits for his scruffy jeans, untucked shirts his daughters are just as glamourous as their mother. The blonde sisters have model good looks and the wardrobes to match.
In behaviour similar to the daughters of another swashbuckling business/sporting tycoon — Formula 1’s Bernie Ecclestone — Matilda’s social media profiles are full of glamorous selfies.
Linda Ashley has been seen at society events and is an interior designer.
How the possible collapse of Arcadia could add to major job cuts and losses since the Covid-19 pandemic began
Around 13,000 jobs are at risk after Sir Philip Green’s Arcadia Group edged nearer to appointing administrators after being hit by the impact of the pandemic.
The group, which cut 500 roles earlier in the year, is expected to collapse in the coming days and has lined up insolvency specialists at Deloitte.
It adds to more than 250,000 job losses or potential redundancies announced since the start of the pandemic.
Here is a list of some of the high-profile British employers that have announced major cuts since March 23:
- November 27 – Arcadia Group – 13,000 at risk
- November 26 – Mitchells & Butlers – 1,300
- November 19 – E.On – 700
- November 17 – Johnson Service Group – 1,550
- November 12 – WH Smith – 200
- November 9 – Reach – 150
- November 5 – Sainsbury’s – 3,500
- November 5 – Caterpillar – 700
- November 4 – John Lewis Partnership – 1,500
- November 4 – Lloyds – 1,070
- October 29 – Pizza Express – 1,300
- October 27 – Revolution Bars – 130
- October 16 – Pret a Manger – 400
- October 15 – Marston’s – 2,150
- October 14 – Gourmet Burger Kitchen – 362
- October 9 – Edinburgh Woollen Mill – 24,000 at risk
- October 8 – National Trust – 1,300
- October 8 – HSS Hire – 300
- October 7 – Manchester Airport Group – 892
- October 7 – Greene King – 800
- October 6 – Virgin Money – 400
- October 6 – Vp – 150
- October 5 – Cineworld – 5,500 (many cuts likely to be temporary)
- September 30 – TSB – 900
- September 30 – Shell – 9,000 worldwide
- September 29 – Ferguson – 1,200
- September 22 – Wetherspoon – 400 to 450
- September 22 – Whitbread – 6,000
- September 18 – Investec – 210
- September 15 – Waitrose – 124
- September 14 – London City Airport – 239
- September 9 – Lloyds Bank – 865
- September 9 – Pizza Hut – 450
- September 4 – Virgin Atlantic – 1,150
- September 3 – Costa – 1,650
- August 27 – Pret a Manger – 2,800 (includes 1,000 announced on July 6)
- August 26 – Gatwick Airport – 600
- August 25 – Co-operative Bank – 350
- August 20 – Alexander Dennis – 650
- August 18 – Bombardier – 95
- August 18 – Marks & Spencer – 7,000
- August 14 – Yo! Sushi – 250
- August 14 – River Island – 350
- August 12 – NatWest – 550
- August 11 – InterContinental Hotels – 650 worldwide
- August 11 – Debenhams – 2,500
- August 7 – Evening Standard – 115
- August 6 – Travelex – 1,300
- August 6 – Wetherspoons – 110 to 130
- August 5 – M&Co – 380
- August 5 – Arsenal FC – 55
- August 5 – WH Smith – 1,500
- August 4 – Dixons Carphone – 800
- August 4 – Pizza Express – 1,100 at risk
- August 3 – Hays Travel – up to 878
- August 3 – DW Sports – 1,700 at risk
- July 31 – Byron – 651
- July 30 – Pendragon – 1,800
- July 29 – Waterstones – unknown number of head office roles
- July 28 – Selfridges – 450
- July 27 – Oak Furnitureland – 163 at risk
- July 23 – Dyson – 600 in UK, 300 overseas
- July 22 – Mears – fewer than 200
- July 20 – Marks & Spencer – 950 at risk
- July 17 – Azzurri Group (owns Zizzi and Ask Italian) – up to 1,200
- July 16 – Genting – 1,642 at risk
- July 16 – Burberry – 150 in UK, 350 overseas
- July 15 – Banks Mining – 250 at risk
- July 15 – Buzz Bingo – 573 at risk
- July 14 – Vertu – 345
- July 14 – DFS – up to 200 at risk
- July 9 – General Electric – 369
- July 9 – Eurostar – unknown number
- July 9 – Boots – 4,000
- July 9 – John Lewis – 1,300 at risk
- July 9 – Burger King – 1,600 at risk
- July 7 – Reach (owns Daily Mirror and Daily Express newspapers) – 550
- July 6 – Pret a Manger – 1,000 at risk
- July 2 – Casual Dining Group (owns Bella Italia and Cafe Rouge) – 1,909
- July 1 – SSP (owns Upper Crust) – 5,000 at risk
- July 1 – Arcadia (owns TopShop) – 500
- July 1 – Harrods – 700
- July 1 – Virgin Money – 300
- June 30 – Airbus – 1,700
- June 30 – TM Lewin – 600
- June 30 – Smiths Group – ‘some job losses’
- June 25 – Royal Mail – 2,000
- June 24 – Jet2 – 102
- June 24 – Swissport – 4,556
- June 24 – Crest Nicholson – 130
- June 23 – Shoe Zone – unknown number of jobs in head office
- June 19 – Aer Lingus – 500
- June 17 – HSBC – unknown number of jobs in UK, 35,000 worldwide
- June 15 – Jaguar Land Rover – 1,100
- June 15 – Travis Perkins – 2,500
- June 12 – Le Pain Quotidien – 200
- June 11 – Heathrow – at least 500
- June 11 – Bombardier – 600
- June 11 – Johnson Matthey – 2,500
- June 11 – Centrica – 5,000
- June 10 – Quiz – 93
- June 10 – The Restaurant Group (owns Frankie and Benny’s) – 3,000
- June 10 – Monsoon Accessorize – 545
- June 10 – Everest Windows – 188
- June 8 – BP – 10,000 worldwide
- June 8 – Mulberry – 375
- June 5 – Victoria’s Secret – 800 at risk
- June 5 – Bentley – 1,000
- June 4 – Aston Martin – 500
- June 4 – Lookers – 1,500
- May 29 – Belfast International Airport – 45
- May 28 – Debenhams (in second announcement) – ‘hundreds’ of jobs
- May 28 – EasyJet – 4,500 worldwide
- May 26 – McLaren – 1,200
- May 22 – Carluccio’s – 1,000
- May 21 – Clarks – 900
- May 20 – Rolls-Royce – 9,000
- May 20 – Bovis Homes – unknown number
- May 19 – Ovo Energy – 2,600
- May 19 – Antler – 164
- May 15 – JCB – 950 at risk
- May 13 – Tui – 8,000 worldwide
- May 12 – Carnival UK (owns P&O Cruises and Cunard) – 450
- May 11 – P&O Ferries – 1,100 worldwide
- May 5 – Virgin Atlantic – 3,150
- May 1 – Ryanair – 3,000 worldwide
- April 30 – Oasis Warehouse – 1,800
- April 29 – WPP – unknown number
- April 28 – British Airways – 12,000
- April 23 – Safran Seats – 400
- April 23 – Meggitt – 1,800 worldwide
- April 21 – Cath Kidston – 900
- April 17 – Debenhams – 422
- March 31 – Laura Ashley – 268
- March 30 – BrightHouse – 2,400 at risk
- March 27 – Chiquito – 1,500 at risk
- Sports Direct factory staff claim they are STILL being forced to work despite boss Mike Ashley closing all UK stores after criticism for hinting employees were key workers in coronavirus crisis
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- Coronavirus: Topshop owner demands new rent cuts amid high street crisis
- NHS boss slams shameless panic-buyers and demands they STOP clearing Britain's shelves and think of NHS workers - including one who was reduced to tears when there was nothing to buy - as coronavirus cases total passes 4,000 and death toll hits 178
- 'We should all be ashamed': NHS boss slams selfish panic-buyers and demands they STOP clearing Britain's shelves and think of NHS workers - including one who was reduced to tears when there was nothing to buy
- Cancel £35bn of VAT due in weeks, ditch end-of year tax demands, waive national insurance, and pay workers' wages directly: Businesses tell Rishi Sunak his £350bn coronavirus bailout 'is NOT enough' amid fears ONE MILLION could lose jobs
- Drinkers enjoy a final pint and start panic-buying alcohol before UK-WIDE pub lockdown as Boris Johnson shuts cafes, restaurants, gyms and leisure centres as coronavirus crisis claims 177 lives across Britain
- NHS coronavirus battle plan: Hospitals told to cancel non-emergency operations for three months and pay for staff to stay in hotels if a family member has tell-tale symptoms
- John Lewis closes all 50 shops for first time in its 155-year history due to coronavirus (including flagship Oxford Street store that last closed when it was bombed by the Nazis in 1940)
- Confined to our homes, schools closed and small businesses in ruin: Prime Minister to announce tough new restrictions TODAY - so what will an Italy-style lockdown look like in Australia?
- Laura Ashley nears collapse as firms demand help
- Shoppers queue outside Asda at 6am and strip shelves bare by 7am while Sainsbury's limits customers to just two packs of loo roll, soap and UHT milk in raft of new rationing measures to curb coronavirus panic buying
- Billionaire retailers seek rent cuts during coronavirus crisis
- Pret A Manger will close all 400 of its UK stores from TONIGHT along with Starbucks - while Caffe Nero and Costa Coffee move to takeaway only
- Britain's high streets shut down: Now Greggs and KFC is closing stores as restaurants and cafes including McDonald's, Nandos and Costa shut up shop even for takeaways amid coronavirus crisis
- Just one more Big Mac! Fast-food fans queue at McDonald's drive-thrus for a final meal before burger giant closes all UK branches at 7pm today amid coronavirus shutdown
- And still they come! Hundreds of shoppers queue all around Tesco car park before 6am waiting for it to open as police step in and supermarkets hire security guards to stop selfish stockpilers amid coronavirus panic
- Mayhem at the tills: Tesco supermarket is forced to shut after dozens of panic-buyers ignore 'NHS hour' and strip shelves bare once more amid fears they will miss out
- Joe Exotic’s Precarious Kingdom
Sports Direct boss Mike Ashley 'wants to buy Sir Philip Green's Topshop empire Arcadia Group' - two years after saying he wouldn't pay a POUND for it - as experts warn it faces 'inevitable' ruin within days putting 13,000 jobs at risk at 'worst possible ti have 5516 words, post on www.dailymail.co.uk at November 27, 2020. This is cached page on Talk Vietnam. If you want remove this page, please contact us.