Crunch meeting with creditors over future of two UK clothing firms with Galway shops

Galway Bay fm newsroom – The future of the company behind Topshop and Dorothy Perkins hangs in the balance ahead of a crunch vote with creditors this afternoon.

Topshop has an outlet at Eyre Square Shopping Centre, while Dorothy Perkins has a base at Galway Shopping Centre.

The Philip Green-owned Arcadia needs 75 percent of creditors to approve the restructuring plans – with 18 thousand jobs at risk if the deal is rejected.

Six Irish stores in Dublin, Cork and Galway are earmarked for closure as part of the plans – including Topshop’s flagship store at St. Stephen’s Green. For more on this story tune in to Galway Bay fm news on the hour…