How the mighty are fallen! Arcadia was the parent company of British Home Stores, Burton, Dorothy Perkins, Debenhams, Evans, Miss Selfridge, Topman, Topshop, Wallis and Warehouse. At its peak, the group had more than 2,500 outlets in the UK and concessions in UK department stores and several hundred franchises operated internationally.
IT looks like North East Lincolnshire Council will have to write off debts amounting to £262,221.03.
The monies are owed in unpaid business rates by just four companies that have gone belly-up.
According to a report, the four are:
* GB Trading Worldwide Ltd
* KWG Leisure Ltd, trading as Karting World
* K/S Scandinavian Property Investments (a Danish company)
* Arcadia Group Ltd
The write-off are expected to be rubber-stamped, with reluctance, at next Wednesday's meeting of NELC's cabinet.
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