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Arcadia to cut 170 head office jobs

Arcadia is in trouble

Arcadia will shed 170 stuff from its head office as Sir Philip Green battles to keep his retail empire going just days after winning the approval of creditors for a rescue deal.

The cuts come on top of 1,000 shop floor staff that will lose their jobs when Arcadia closes nearly 50 stores as part of the restructuring plan.

Under the terms of the plan agreed with landlords and other creditors, known as a a Company Voluntary Arrangement (CVA), Arcadia will close stores, while landlords have agreed to significant rent cuts to give the retailer breathing room to turn itself around.

A spokesman for Arcadia said the group would try to find new roles for those whose jobs had been made redundant.

"The...

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