UK: Arcadia to cut up to 90 jobs
Fashion retail giant Arcadia is to axe up to 90 head office jobs as a result of “harsh trading conditions”, the company said today (7 September).
The 85-90 positions will mostly be lost in support services in the company’s five head offices, which between them employ 3,000 people, the UK business told just-style.
Arcadia, which employs about 45,000 people across the group, owns a number of fashion retailers including Dorothy Perkins, Burton and Topshop.
Analysts are expecting the group to report a cut in full-year profits to the end of August.
An Arcadia spokesperson said of the job cuts: “This is as a result of harsh trading conditions and looking at being as efficient as possible in difficult times, whilst continuing to invest in the business to the same level as before.”
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