Arcadia Group could close its stores permanently in the context of the Covid-19 crisis | Business

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The Arcadia group of Sir Philip Green – which owns brands such as Topshop, Dorothy Perkins and Miss Selfridge – could permanently close some of its stores as the coronavirus pandemic weighs on street retailers.

The fashion group has warned its owners that it will leave stores where leases have break times or are due to expire.

The Guardian understands that this decision does not necessarily mean that the stores will close permanently, but that the retailer may enter into negotiations with the owners on how to keep them open. In March, the company asked landlords for rent reductions and suspended payments to its pension plan.

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