Arcadia now has the go-ahead to take its US subsidiary into administration and shutter its 11 Topshop and Topman stores in the country following a change of heart by two of its US landlords who had originally opposed its plans causing a delay to the retailer’s controversial CVA plans. 23 stores will also now close in the UK along with a further 25 Miss Selfridge and Evans stores whilst some of the retailer’s stores will benefit from reduced rents.
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