Sir Philip Green admits his shops didn’t adapt to changing high street

Arcadia boss pledges to get on with job of countering online threat after creditors back rescue plan

Sir Philip Green has admitted his retail chains have not moved quickly enough to adapt to the changing high street after creditors backed a restructuring plan that will involve the closure of 50 Arcadia Group stores and 1,000 job losses.

In an interview with BBC Radio 4’s Today programme, Green vowed to “get to work, grasp this new marketplace and get on with the job” to get Arcadia back on track. The company owns the Topshop, Burton, Dorothy Perkins, Topman, Wallis, Evans, Outfit and Miss Selfridge chains.

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