Sir Philip Green’s Arcadia group goes into administration with 13,000 jobs on the line

Sir Philip Green’s Arcadia retail empire has fallen into administration with 13,000 jobs at risk, administrators have confirmed. 

A statement from administrators Deloitte said: ‘No redundancies are being announced today as a result of the appointment and stores will continue to trade.

‘The Joint Administrators are assessing all options available to the Group. 

‘The administrators will be honouring all online orders made over the Black Friday weekend and will continue to be operating all the existing sale channels of the business.’ 

More to follow