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Pavers donates £7,500 to Drapers x FTCT Covid Appeal drapersonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from drapersonline.com Daily Mail and Mail on Sunday newspapers.
Peacocks suppliers demand payment drapersonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from drapersonline.com Daily Mail and Mail on Sunday newspapers.
The fashion retail industry has been severely hit by the Covid-19 pandemic. High streets will be left unrecognisable as stalwarts such as Debenhams and Arcadia Group’s brands permanently shut their shops, with many others also expected to rationalise their store portfolios this year. But store losses also have a marked human cost. Following Boohoo Group’s acquisition of Debenhams last month the etailer will retain none of its 12,000 staff – 77% of whom are female, the department store s website shows. The carving up of Arcadia, between Asos and Boohoo, also leaves another 5,000 staff redundant. Here 85% of store and 71% of head-office staff were female. ....
Arcadia staff facing redundancy seek FTCT aid Fashion and Textile Children’s Trust (FTCT), the charity supported by Drapers which provides grants to the families of people working in the fashion industry, has reported an influx of requests for help from former Arcadia Group employees. In the last four days (12-15 February), 60% of grant enquiries received by the charity have come from Arcadia staff. Topshop, Topman and Miss Selfridge were taken over by Asos earlier this month, while Boohoo Group agreed to buy Arcadia s Burton, Dorothy Perkins, and Wallis brands for £25.2m. No Arcadia stores were purchased by either Asos or Boohoo Group, so all shops will remain closed, and thousands of redundancies are expected. ....
Future uncertain for Arcadia staff drapersonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from drapersonline.com Daily Mail and Mail on Sunday newspapers.