January 28, 2021 10:48AM ET

Here’s Why Bankrupt Arcadia’s Unsecured Creditors Won’t Get Much on Their Claims

Arcadia Group's unsecured creditors probably won't get much back on their claims despite asset sales once administrative expenses are paid. — The Topshop and Topman flagship stores on Oxford Street in London.

CREDIT: KGC-254/STAR MAX/IPx 2020 via AP

Sir Philip Green’s Arcadia Group collapsed into administration on Nov. 30 under a mountain of debt. How much? A report in The Telegraph, which said it has seen documentation prepared by the fashion empire’s administrators at Deloitte, said the company had 750 million pounds ($1.03 billion) outstanding. Over half of that amount, or more than…

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