The High Court has made formal orders winding up four companies employing 478 people here that are part of the UK fast fashion group Arcadia. The companies will continue to trade under the liquidators into the new year pending any disposal of the Arcadia group. It is hoped to procure the sale of the Irish operations as part of an overall sale of the Arcadia group. The companies are Arcadia Group Multiples Ireland Ltd, Topshop/Topman Ireland Ltd, Wallis Retail Ireland and Miss Selfridge Retail Ireland. The court heard the Irish companies are unable to pay their debts for reasons including the insolvency of the Arcadia group as a whole.

Source: Irish Independent December 21, 2020 20:14 UTC