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Article

29 Nov 2020

Author:
Dhaka Tribune

Bangladesh: Arcadia Group suppliers fear nonpayment as firm prepares to enter administration

“Arcadia’s Bangladeshi suppliers are bundles of nerves as the British high-street giant edges towards collapse”, 29 November 2020

...British billionaire Philip Green’s high-street retail empire Arcadia is preparing to enter administration, putting hundreds of shops and more than 13,000 jobs at risk in what would be the biggest retail collapse of the pandemic so far...

Bangladeshi suppliers... have not received payments, which are in tens of millions, for months...

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