Arcadia restructuring to see over 1,000 job losses

Arcadia this week came to an agreement with its landlords to avoid a collapse and inevitably entering administration. But the agreement is not without consequences and job losses for many of the company’s staff and employees. The ailing retailer will have to cut 170 jobs at its headquarters and approximately 1,000 shop floor jobs with the closing of a reported 50 of its stores across Topshop and Topman, Evans, Miss Selfridge, Dorothy Perkins and Burton Menswear.