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World Business Report: First broadcast 30/11/2020 22:32 GMT: Topshop owner Arcadia goes into administration

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Topshop owner Arcadia goes into administration

First broadcast 30/11/2020 22:32 GMT

First broadcast 30/11/2020 22:32 GMT: Topshop owner Arcadia goes into administration

BBC World Service - World Business Report, Topshop owner Arcadia goes into administration

Around 13,000 jobs are at risk in the UK high street retail group.

Fashion retail empire Arcadia, which also owns Dorothy Perkins and Burton, has gone into administration, accountancy firm Deloitte has confirmed. We talk to Jonathan Eley, retail correspondent at the Financial Times, about what this means for the British High Street and about how its shops and employees will be affected. 
Also in the programme, hardship may hit millions of Americans if pandemic financial assistance is not replaced. Stephanie Freed is a freelance lighting designer who is out of work and whose additional government funds are due to end in December, and discusses how she has had to rely on savings to make ends meet. Andrew Stettner is a senior fellow at policy organisation The Century Foundation in Washington DC, and explains that if nothing is done now, it could take a month after January's presidential inauguration to get new assistance in place under a Biden administration. And Maya McGuineas of the non-partisan Committee for a Responsible Federal Budget makes the case for a measure of compromise between Democrats and Republicans. 
Plus, our regular workplace commentator Pilita Clark considers how email etiquette has become more significant during the coronavirus pandemic.

(Picture: A Topshop store. Picture credit: Getty Images.)

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First broadcast 30/11/2020 22:32 GMT: Topshop owner Arcadia goes into administration

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