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Arcadia has fallen into administration, putting 13,000 jobs at risk and stores at risk of closure. Stores will continue to trade, and the non-essential shops are set to reopen in England on Wednesday following the end of the coronavirus lockdown in.
Administrators Deloitte confirmed that all purchases from the recent Black Friday sales event will be honoured.
The news of the business going into administration comes as another blow to the high-street after stores being closed for many months due to the covid pandemic.
A statement from 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.”
Black Friday is one of the most popular shopping days of the years and many retailers cut the prices across thousands of items for the event.
This year, Topshop deals included up to 80 percent off clothing and accessories.
The retailer also offered free delivery on all items.
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