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Topshop owner Arcadia issues gift card warning to shoppers

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manchestereveningnews.co.uk
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Were you surprised to see Arcadia go into administration? Let us know in the comments below. Administrators Deloitte have said that the company is trading as normal and honouring Black Friday purchases.There are fears that 13,000 jobs could be lost - and 444 stores closed - by Arcadia's collapse.The retail company is behind Topshop, Topman, Miss Selfridge, Dorothy Perkins, Evans, Burton, Outfit and Wallis.Speaking on Arcadia's collapse earlier this week, Ian Grabiner, chief executive of Arcadia, said: "This is an incredibly sad day for all of our colleagues as well as our suppliers and our many other stakeholders."The administrators will be "assessing all options available", which could see brands sold off in separate rescue deals..

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