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Amid Struggles, Arcadia Group May Close US Topshop Business

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The U.S. may be saying goodbye to Topshop/Topman stores in the near future, as the British brands’ floundering parent company struggles to ward off insolvency. London-based Arcadia Group, owned by retail mogul Philip Green, announced on Wednesday that it would be closing 23 of its 566 stores in the U.K. and Ireland—and possibly the U.S….

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