Arcadia is to cut 170 jobs from its head office a day after Sir Philip Green struck a deal with creditors to save his retail empire by closing stores and slashing rents.
Arcadia, which owns brands including Burton, Dorothy Perkins and Miss Selfridge, said last night that it was “proposing to make some structural changes in order to support and deliver the turnaround plan”. Without the emergency restructuring, all 18,000 staff and the livelihoods of its suppliers would have been at risk.
