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Serving up Neapolitan pizzas and speakeasy cocktails, Bella Mia is the latest business to join the growing line-up of food and drink firms at the anticipated Gloucester Food Dock.
Arcadia collapse leaves bigger than expected £510m pension deficit
Arcadia s pension deficit is bigger than expected.
The collapse of high street empire Arcadia has left a £510m pension deficit, some £200m more than previous estimates.
Arcadia collapsed in December, becoming the largest casualty of the coronavirus pandemic and leaving thousands jobless.
The news of a bigger-than-expected pension deficit, first reported by the Retail Gazette, paints a starker picture for individuals affected by the collapse.
A spokesperson for the Arcadia pensions schemes said the true deficit may still be lower than the latest quoted figure.
They explained: “The deficit quoted is the difference between the value of the schemes’ assets and the cost of buying-out all members’ benefits with an insurance company.
400 jobs to go as distribution centre closes
A consultation period will begin on February 24, ending on April 30 when the site will shut its doors for good
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A distribution centre is to close with the loss of 400 jobs following the collapse of the Arcadia fashion empire, a union said on Thursday night.
THE historic Burton’s clothing factory in Leeds is set to fall victim to the collapse of Philip Green’s Arcadia fashion empire, at the cost of 400 jobs.
The site has been in operation since 1922 most recently as a distribution centre for Arcadia stores including Dorothy Perkins and Burtons.
Despite BooHoo’s purchase of the Burton brand, workers were told this week that it was to close on April 30.
GMB union organiser Jake O’Malley said: “To see 400 hard-working people lose their jobs while the likes of Philip Green and the administrators waltz off with millions is repugnant.
“A century of history and hundreds of good jobs down the pan while Philip Green is living it up on his private yacht and the administrators pick the bones of the business clean.