Sir Philip Green’s Arcadia group’s rescue deal backed by creditors

Sir Philip Green’s Arcadia retail group has narrowly secured backing for plans to close numerous stores in a bid to cut rent prices.

The giant – which owns Topshop, Burton and other high street brands – won a vote by landlords on Wednesday supporting plans to restructure.

It means that the stores will be open as usual tomorrow and Arcadia’s 18,000-strong work force will mostly keep their jobs.

But there are around 1,000 jobs are now at risk as 23 stores will close...
source: Metro

2019-06-12 20:20
Latest news from Metro
today 12:14 Mum gives birth at Pink concert at Anfield during first song
today 12:14 Huge search for woman, 22, who vanished from Isle of Wight holiday camp
today 12:14 Teenager dies after boyfriend’s suicide and deaths of two friends
today 12:14 UK population rises to 66,436,000 and migration is biggest factor
today 12:14 ‘Get help immediately’ if you have these symptoms after 12 people die
today 12:14 Witch says she got a new job ‘by casting a spell on employers’
today 11:11 Revenge porn victims could get same anonymity as sex abuse victims
today 10:08 Boy, 10, died playing football with friends when ‘blood vessel burst in his brain’
today 10:08 Glastonbury 2019 weather: Webcam live feed shows Worthy Farm as festival gets underway
today 10:08 Russian girl born with half a face flies to London for medical treatment
today 10:08 Man allowed to keep dog he pinned down and punched in public
today 10:08 Mum says she still loves psychopath son who murdered her daughter
today 10:08 Families ‘pushed further into poverty by two child limit on benefits’
today 09:05 As a working class Muslim I don’t fit the description of a climate change activist
today 09:05 Brexit campaigners broke the law, now they must face the consequences
today 09:05 Racist Airbnb host calls guest ‘n****r’ and ‘monkeys’ in chain of abusive texts
today 09:05 Laws against abusing animals are about to get a whole lot tougher
today 06:59 Boy goes to leavers’ ball in pink dress and is crowned Prom Queen
today 06:59 Massive fight breaks out at Royal Ascot leading to professional footballer being suspended
today 04:53 Where is Glastonbury Festival held – postcode, site map and parking information
Latest news from Great Britain
today 12:50 Tragic Brit hairdresser, 23, died on Lanzarote holiday with boyfriend
today 12:50 Woman robbed at knifepoint by group of men as she sat in her car
today 12:50 Art teacher arrested for historic child sex crimes ‘killed himself' while out on bail
today 12:50 Heartbreaking pics show dad and tot daughter who drowned swimming to US
today 12:50 Human skeleton washes up on UK seaside – police probe launched
today 12:50 Newborn baby with umbilical cord still attached found dumped in woods in plastic bag
today 12:50 Lionel Messi lookalike denies tricking 23 women into having sex with him
today 12:50 Mum's quick reflexes saved her son from falling off balcony
today 12:50 Hosepipe ‘poison’ warning: Brits warned of deadly summer garden threat
today 12:50 Man accused of butchering girlfriend's 24-year-old Tinder date slits own throat in court
today 12:50 Will China be first to visit $700 quintillion asteroid that could 'sink' world’s economy?
today 12:50 Fears grow for missing woman, 22, not seen for 72 hours – police 'seriously concerned'
today 12:35 Thousands start rocking up as Glastonbury Festival opens
today 12:35 EU will not renegotiate Brexit deal, ready to work with new PM - Commission
today 12:35 Johnson's 'do or die' Brexit pledge risks election, no EU exit - Hunt
today 12:20 Should we be offended by calorie counting question in a GCSE maths exam?
today 12:20 Should we be offended by calorie counting question in a GCSE maths exam?
today 12:20 Google has removed its unflattering image of Hull
today 12:20 Google has removed its unflattering image of Hull
today 12:14 Mum gives birth at Pink concert at Anfield during first song
today 12:14 Huge search for woman, 22, who vanished from Isle of Wight holiday camp
today 12:14 Teenager dies after boyfriend’s suicide and deaths of two friends
today 12:14 UK population rises to 66,436,000 and migration is biggest factor
today 12:14 ‘Get help immediately’ if you have these symptoms after 12 people die
today 12:14 Witch says she got a new job ‘by casting a spell on employers’
today 12:14 Cyberpunk 2077 free PS4 download: CD Projekt treats fans to AMAZING bonus
today 12:14 Do or die we will quit EU by October 31: Boris puts career on the line with pledge
today 12:14 Man Utd agree £50m deal with Crystal Palace as Aaron Wan-Bissaka gets set for medical
today 12:14 French bulldog tied to car and dragged to death by sick thugs ‘barbaric and cruel’
today 12:14 Iran to begin uranium enrichment on Friday as nuclear deal destroyed
today 12:14 Most popular holiday destination for summer 2019 revealed - and ‘dominates’ despite Brexit
today 12:14 Tory leadership: THIS is who will choose the UK’s next Prime Minister
today 12:14 BBC Weather: Temperatures to reach record highs as Europe faces 45C sweltering heatwave
today 12:14 Kate Middleton wedding: Duchess’ dress had this significant nod to Royal Family
today 12:14 Revealed: How Sarah Ferguson scandal 'made Princess Beatrice cry for days'
today 12:14 Debbie McGee steps out in cleavage-baring look to remember late husband Paul Daniels
today 12:14 The Handmaid’s Tale season 3 spoilers: June devastated as Nick exposed as traitor?
today 12:14 Royal spending row: How Prince Harry 'defended right' in passionate exchange
today 12:14 Moonraker 40th anniversary: Was Roger Moore’s James Bond in space a step too far for 007?
today 12:14 Bitcoin price news: Crypto rally continues as BTC price hurtles toward $13,000
today 12:14 Antarctica bombshell: How Al Gore discovered ‘masked surprise’ below icy continent's snow
today 12:14 Margaret Beckett reveals how Jeremy Corbyn's aides want Brexit no matter what
today 12:14 Leo Varadkar escalates Brexit CRISIS plans as no deal to cause ‘rapid’ slowdown of economy
today 12:14 'Does Rory Stewart know he lost?' Listeners outraged as 'loser' appears on BBC again
today 12:14 ITV Good Morning Britain: Piers Morgan brands Alex Beresford ‘pathetic’ in heated debate
today 12:14 Carol Kirkwood: BBC Breakfast star shocks hosts with on-air announcement about new role
today 11:47 Met Office forecasts skyrocketing 31C temperatures as humid nights turn hot
today 11:47 ‘Do or die’ Boris Johnson guarantees Halloween Brexit as he thrown down gauntlet to Hunt
today 11:47 Donald Trump absolutely furious after being branded ‘mentally retarded’ by Iran
today 11:47 Moors Murderer Ian Brady ‘had sex with borstal boy while in prison’
Watch the news from UK on Facebook