Arcadia Group Will Close 11 U.S. Topshop Stores Amid Bankruptcy Filing

Arcadia Group, a UK-based fast-fashion retailer, will close all 11 U.S. Topshop and Topman stores and will consider closing 23 locations in the UK, according to The Wall Street Journal. Additionally, the company filed for Chapter 15 bankruptcy in the U.S. and started undergoing a separate insolvency process overseas.

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