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High street crisis: Arcadia store closures spark 714 job losses – Green empire on brink

The Arcadia closures are thought to include Outfit stores (Image: PA) The Arcadia jobs cuts come less than a week after administrators for Jaeger warned 233 staff faced redundancy following the fashion brand s acquisition by Marks & Spencer (M&S). Jaeger s 63 stores and concession will be permanently closed after they were not bought as part of the deal. Administrators at FRP Advisory said that 22 head office staff and 211 store staff had been made redundant as a result. Six head office staff and seven warehouse staff have been retained by the administrators to assist them in their duties. Trending M&S sealed the deal to buy the brand and stock for an undisclosed amount, understood to be around £5 million.

Jaeger s 63 UK Stores to Permanently Close After M&S Deal

× FILE PHOTO: Power-generating windmill turbines are seen near Port Saint Louis du Rhone, near Marseille, May 7, 2014. REUTERS/Jean-Paul Pelissier/File Photo 1/4 A woman walks past a street-art mural depicting a Maneki-neko, also known as a beckoning cat, in an alley in Hanoi on April 7, 2021. (Photo by Manan VATSYAYANA / AFP) 2/4 City Hall on the south bank of the Thames in London is illuminated in the evening of Saturday, March 6, 2021. (AP Photo/Alastair Grant) 3/4 06 April 2021, China, Fuzhou: An aerial view shows the Fuzhou ring road is decorated with the great Bougainvillea Spectabilis flowers. Photo: Zuma Press/dpa 4/4 FILE PHOTO: Power-generating windmill turbines are seen near Port Saint Louis du Rhone, near Marseille, May 7, 2014. REUTERS/Jean-Paul Pelissier/File Photo

Jaeger, with outlets in Norfolk, closes stores | Eastern Daily Press

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