{"id":161600,"date":"2019-06-03T08:40:56","date_gmt":"2019-06-03T08:40:56","guid":{"rendered":"https:\/\/theindustry.beauty\/arcadia-faces-angry-creditors-in-battle-to-stave-off-bankruptcy\/"},"modified":"2021-08-12T13:56:44","modified_gmt":"2021-08-12T13:56:44","slug":"arcadia-faces-angry-creditors-in-battle-to-stave-off-bankruptcy","status":"publish","type":"post","link":"https:\/\/theindustry.beauty\/arcadia-faces-angry-creditors-in-battle-to-stave-off-bankruptcy\/","title":{"rendered":"Arcadia faces angry creditors in battle to stave off bankruptcy"},"content":{"rendered":"<p>Sir Philip Green\u2019s retail empire Arcadia faces a crunch meeting with creditors this week as it tries to avert a collapse into administration which could put 18,000 jobs at risk.<\/p>\n<p><!--more--><\/p>\n<p>The group, which operates 570 shops, must win approval from 75% of its creditors, most of whom are landlords, for a restructuring which will enable it to close at least 23 stores and cut rents by up to 70% on nearly 200 more.<\/p>\n<p>Read the full article on <em><a href=\"https:\/\/www.theguardian.com\/business\/2019\/jun\/01\/arcadia-philip-green-faces-angry-creditors\">The Guardian<\/a><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2026 <a href=\"https:\/\/theindustry.beauty\/arcadia-faces-angry-creditors-in-battle-to-stave-off-bankruptcy\/\">...<\/a><\/p>\n","protected":false},"author":46,"featured_media":134512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[11120,10267,9665],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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