Galway Bay fm newsroom – The future of the company behind Topshop and Dorothy Perkins has been given a lifeline.
It’s after Sir Philip Green’s retail empire won support from landlords to back restructuring plans.
All seven were passed at a meeting of the company’s creditors and the majority of the 18 thousand strong workforce will keep their jobs.
Arcadia Group – which owns Topshop and Dorothy Perkins among others – would have gone into administration if no deal was reached.
Topshop has an outlet at Eyre Square Centre, while Dorothy Perkins has a base at Galway Shopping Centre.