Topshop. Photo - Wikimedia Commons

Tens of thousands of jobs at risk as Arcadia empire ‘nears collapse’

Sir Philip Green’s Topshop Arcadia retail empire has said it is “working on a number of contingency options,” after reports it is days away from collapse. The group, which runs the Topshop, Dorothy Perkins and Burton brands, is expected to appoint administrators for Deloitte in the coming days. The company said the Covid-19 lockdown has “had a material impact on trading”. ITV News Business and Economics editor Joel Hills said the company’s collapse would “affect 13,000 staff, 9,500 members of pension scheme and 150 suppliers.” According to documents seen by Joel Hills, the group…

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Disneyland California. Photo by Yulissa Tagle on Unsplash

Disney job losses hit 32,000 as coronavirus hits theme parks

The entertainment firm reveals 4,000 more people are to be made redundant as the virus crisis wreaks havoc on theme parks. Disney has ramped up its plans for tens of thousands of job losses as the coronavirus crisis continues to hurt customer numbers at its main US theme parks. As the United States enjoyed – an albeit COVID-curtailed – Thanksgiving holiday, a regulatory filing showed the entertainment company was to cut 32,000 staff by the middle of next year. The disclosure followed news of 28,000 job cuts in September though a spokesman confirmed…

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Blueprint (planning). Photo by Sven Mieke on Unsplash

Progress for new Matlock cinema as council gives green light

Derbyshire Dales District Council has given the green light to move ahead with the next stage of work to enable development of a new cinema in Matlock in its under-utilised market hall, firing the starting gun in the Council’s fightback against the economic impact of Covid-19. At an extraordinary council meeting on Wednesday (25 November) councillors voted in favour of bringing forward plans for the new indoor leisure attraction for Matlock and also for enclosure of part of the covered bus bay area as a food & beverage unit –…

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