The most COVID-19 lockdowns were accompanied by sobering news from the UK’s high streets. The Arcadia Group, which owns some of the UK’s most iconic high street clothing retail outlets – Topshop, Topman and Dorothy Perkins, among others – has gone into administration. Meanwhile, the UK’s oldest retail chain, Debenhams, is closing. Around 12,000 people are set to lose their jobs, on top of 6,500 already lost this year, after efforts to rescue the retailer fell through.
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