By  on May 22, 2019

LONDON — Topshop’s 11 U.S. stores could soon close their doors in the restructuring of Arcadia Group’s U.S. and U.K. operations, part of a proposed insolvency procedure revealed by Sir Philip Green’s retail group late Wednesday.

After months of speculation in the British media, Green finally went public with his plan to seek insolvency for the troubled Arcadia retail group, parent of Topshop, Topman and a host of struggling high-street retailers such as Burton, Dorothy Perkins, Evans and Wallis.

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