Six Irish Stores Set To Close...

News

Six Irish Stores Set To Close After Topshop Owner's Rescue Plan Approved

Stephen McNeice
Stephen McNeice

5:55 PM - 12 Jun 2019



Six Irish stores are expected to close as a result of restructuring at the Arcadia fashion group, which owns brands such as Topshop.

The UK retailer's creditors have today approved plans - known as Company Voluntary Arrangements (CVAs) - to save the company following declining sales and high rents.

23 stores across Ireland the UK will close as part of the plans, with the loss of more than 500 jobs.

Rent will also be cut at nearly 200 of the group's remaining stores.

However, the rescue plans mean the vast majority of the group's 18,000 staff will keep their jobs.

Following today's vote by creditors, Arcadia Group CEO Ian Grabiner said: "I would like to thank all of our team and advisors for their support throughout the CVA process.

"It has been incredibly challenging for all concerned but I believe this is the right outcome for all our creditors.”

The Irish stores earmarked for closure are:

  • Cork (Dorothy Perkins/Evans)
  • Dublin - St Stephen's Green (Topshop/Miss Selfridge)
  • Dublin - Jervis (Topshop Topman)
  • Dublin - Henry Street (Evans/Wallis)
  • Dublin - Liffey Valley (Wallis)
  • Galway (Miss Selfridge)


Read more about

Arcadia Topshop

You might like

Live: Title

Now playing

00:00:00 / 00:00:00
Added to queue
Removed from queue

On Air

Share

Share

Up next

Episode title
Show
Duration

You currently have no podcasts in your queue.

Go to podcasts

On Air

The Beat Goes On With Kelly-an...

The Beat Goes On With Kelly-anne Byrne

9 PM-12 AM

Share

Up next

Overnight

Overnight

1 AM-7 AM

Share

The Ian Dempsey Breakfast Show

The Ian Dempsey Breakfast Show

7 AM-8 AM

Share

Weekend Breakfast with Alison...

Weekend Breakfast with Alison Curtis

8 AM-11 AM

Share

Mario's Sunday Roast

Mario's Sunday Roast

11 AM-1 PM

Share

The Phil Cawley Show

The Phil Cawley Show

1 PM-4 PM

Share

Sundays with Declan Pierce

Sundays with Declan Pierce

4 PM-7 PM

Share

Ed's Songs of Praise

Ed's Songs of Praise

7 PM-10 PM

Share

The Beat Goes on with Kelly-An...

The Beat Goes on with Kelly-Anne Byrne

10 PM-1 AM

Share

00:00:00 / 00:00:00

Share on