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after the collapse of the retail giant arcadia, a rescue deal for debenhams appears to have collapsed, risking thousands ofjobs across more than a hundred stores. let us know your thoughts on the demise of two giants of the high street. on twitter, it's @geetagurumurthy or #bbcyourquestions. dozens of conservative mps could refuse to back borisjohnson‘s planned new coronavirus tiers for england when a vote is held in the commons later — opposition parties say they will abstain. the government is urging businesses to make their final preparations for brexit a month before the transition period ends. new scientific analysis suggests the climate change picture is looking more positive, with the goals of the paris accord "within reach". also coming up this hour... world champion lewis hamilton will miss this weekend's grand prix in bahrain after testing positive for coronavirus. good morning. talks about a possible rescue deal for the department store chain debenhams are expected to come to an end today following administrators being called into sir phillip green's arcadia retail group —
after the collapse of the retail giant arcadia, a rescue deal for debenhams appears to have collapsed, risking thousands ofjobs across more than a hundred stores. let us know your thoughts on the demise of two giants of the high street. on twitter, it's @geetagurumurthy or #bbcyourquestions. dozens of conservative mps could refuse to back borisjohnson‘s planned new coronavirus tiers for england when a vote is held in the commons later — opposition parties say they will abstain. the...
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Dec 1, 2020
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death knell for them yesterday when arcadia went over. them yesterday when arcadia went over.re talking about two businesses that have been sick for a while. you can almost compare it to failing flybe airlines at the start of the pandemic, that was used as a reason but that was known to be an ailing business. exactly the same for these two retailers. i think what the pandemic has done is it has accelerated things. then sharon whyte said that five years of retail change had been compressed into five months. this pandemic hasjust accelerated these changes in terms of our shopping habits and i general customs. looking at what has happened at arcadia, a lot of focus obviously on sir philip green and his wife, who owns the business. what about the pension scheme there? it isa what about the pension scheme there? it is a matter of some concern again, isn't it? sir keir starmer was on to this very quickly yesterday. we of course saw all of those well—documented problems with the pension scheme at bhs. these sound eerily reminiscent, although some contributions have been made already.
death knell for them yesterday when arcadia went over. them yesterday when arcadia went over.re talking about two businesses that have been sick for a while. you can almost compare it to failing flybe airlines at the start of the pandemic, that was used as a reason but that was known to be an ailing business. exactly the same for these two retailers. i think what the pandemic has done is it has accelerated things. then sharon whyte said that five years of retail change had been compressed into...
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and today we learn the impact of arcadia's collapse elsewhere — arcadia brands have a lot of outlets in talks to buy debenhams in a rescue deal but we expect them to pull out of that later. debenhams employs around 12,000 staff. another hammerblow to the high street. according to one research body, nearly a quarter of a million retail jobs could go this year. with shops re—opening after lockdown in england tomorrow, we do not know how long the arcadia shops will stay open for. yesterday, so shops will stay open for. yesterday, so many people said they started their working life at an arcadia outlet with a saturdayjob or when they were studying. for lots of people, it is your first experience of customer facing work. at the same time people can now setup brands from their bedrooms. things are changing very rapidly and it is not all from the —— for the worse. let's take a look at today's papers. the daily mirror's headline says "no jab, no entry." it's referring to a story that restaurants, bars and cinemas may turn away customers if they have not had a covid jab. the warning comes fro
and today we learn the impact of arcadia's collapse elsewhere — arcadia brands have a lot of outlets in talks to buy debenhams in a rescue deal but we expect them to pull out of that later. debenhams employs around 12,000 staff. another hammerblow to the high street. according to one research body, nearly a quarter of a million retail jobs could go this year. with shops re—opening after lockdown in england tomorrow, we do not know how long the arcadia shops will stay open for. yesterday, so...
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why won't arcadia take it?member is that there are a lot of big egos at play in retail, a lot of people who have been doing this for a long time and they are all keeping a close eye on each other's fortunes. it seems that arcadia did not like the strings that may be would be attached to that may be would be attached to that loan of £50 million. also at the same time, arcadia said if it wasjust about the same time, arcadia said if it was just about £50 million we could find out. they are not short of that sort of money. a sort of suggest there is a more fundamental problem with retail, with the debts that these firms may be in and the way that we are all shopping. what arcadia has said is it is open to find a buyer for some of the brands. it could be the plants themselves that are valuable in the case of arcadia, not necessarily the way that they are sold. it could be that stores are too expensive, the staff are too expensive, the rent and rates is too expensive, so the lucrative valuable bit is the name, the to
why won't arcadia take it?member is that there are a lot of big egos at play in retail, a lot of people who have been doing this for a long time and they are all keeping a close eye on each other's fortunes. it seems that arcadia did not like the strings that may be would be attached to that may be would be attached to that loan of £50 million. also at the same time, arcadia said if it wasjust about the same time, arcadia said if it was just about £50 million we could find out. they are not...
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arcadia was in trouble before the pandemic. that's right.may have been significantly under investor, some of the high—street favourites of the 80s and 90s in particular. this is very much about a new retail fraternity. there are some brilliant wonderful leaders who are making a difference and making an impact by really understanding that retail has turned its fortune and it is very consumer centred. selling similar items, the groups online doing similar things, many talking about fashion rental, the ecological and ethical arguments, the consumer between 15—30 is very on point in terms of their social media, what they want from brands, they want a conversation and if you're just they want a conversation and if you'rejust going to they want a conversation and if you're just going to have a trading mentality, trying to sell it for as much profit as possible, it will not be very successful in this market space. if topshop not in the deal, jd does not want to know about it so who will step up these high—street stores when rex and mortar are so ex
arcadia was in trouble before the pandemic. that's right.may have been significantly under investor, some of the high—street favourites of the 80s and 90s in particular. this is very much about a new retail fraternity. there are some brilliant wonderful leaders who are making a difference and making an impact by really understanding that retail has turned its fortune and it is very consumer centred. selling similar items, the groups online doing similar things, many talking about fashion...
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Dec 3, 2020
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philip green owes the workers of arcadia a moral duty.llion from the company, the largest in uk history, more than three times the size of the pension deficit. the workers at arcadia should not pay the price of philip green's greed. so will the minister now publicly call for him to make good any shortfall in the pension scheme, and will he ensure that the pensions regulator takes all possible steps to make sure this happens? in terms of the pension schemes and support for those facing redundancy, the majority of defined pension schemes are run effectively, we're fortunate to have a robust and flexible system of pension protection in the uk. the independent pension regulator has a range of powers to protect pension schemes, and it does work closely with those involved. the schemes where they employer goes insolvent, the pension protection fund is there to help protect the members. anybody already in receipt of their pensions will continue to be paid and other members will at least receive pension protection fund compensation levels. the pe
philip green owes the workers of arcadia a moral duty.llion from the company, the largest in uk history, more than three times the size of the pension deficit. the workers at arcadia should not pay the price of philip green's greed. so will the minister now publicly call for him to make good any shortfall in the pension scheme, and will he ensure that the pensions regulator takes all possible steps to make sure this happens? in terms of the pension schemes and support for those facing...
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arcadia's brands are the largest concession holder in debenhams.hams was struggling long before the pandemic hit. it fell into administration back in april for the second time and jd sports was widely seen as the last chance to save the chain, but it pulled out of a rescue deal today. debenhams started as a single shop in london in 1778. it survived recessions and battled the rise of the internet, but tough trading conditions during the pandemic have proved to be the final blow to this ailing chain. debenhams has been the story of a retailer that lost its way a good few years ago. it got really addicted to price discounting, giving things away in things like blue cross sales, and it never really recovered and caught up with the changes in retail trends. it's never had a very strong online business, and it's had lots of shops in very expensive locations that have been expensive to serve. and it really has kind of lost its core shopper. debenhams will keep on trading through its stores and online until it clears its current stocks. the chain's demise
arcadia's brands are the largest concession holder in debenhams.hams was struggling long before the pandemic hit. it fell into administration back in april for the second time and jd sports was widely seen as the last chance to save the chain, but it pulled out of a rescue deal today. debenhams started as a single shop in london in 1778. it survived recessions and battled the rise of the internet, but tough trading conditions during the pandemic have proved to be the final blow to this ailing...
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it comes just hours after the arcadia group — with brands like topshop and miss selfridge — went intopen but liquidators are moving in tomorrow to start to clear the stock, and if no other alternative offer is available. the stores will all be closed by the end of march next year. our business correspondent, emma simpson, reports. debenhams, a big part of bristol for half a century. anchor stores in so many towns and cities, like brighton. i think it's really sad, used to work for them a long time ago. and on the corner in leeds. but for how much longer? we won't have any shopping centres left, town centres left when everybody shops online. in edinburgh today, nostalgia from younger shoppers, too. i know girls that bought their prom dresses there. it is memories, you know what i mean? and staff arriving for work to find out that when the doors open tomorrow, the stock starts to be cleared, liquidation and a closing down sale. i think it has been a long, slow decline for debenhams. that hasn't really changed. it has been a constant presence through the decades, but its problems have be
it comes just hours after the arcadia group — with brands like topshop and miss selfridge — went intopen but liquidators are moving in tomorrow to start to clear the stock, and if no other alternative offer is available. the stores will all be closed by the end of march next year. our business correspondent, emma simpson, reports. debenhams, a big part of bristol for half a century. anchor stores in so many towns and cities, like brighton. i think it's really sad, used to work for them a...
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Dec 2, 2020
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you mention and refer to what we've seen this week, the collapse of arcadia, debenhams, and in a lotysis, they talk about the fa ct analysis, they talk about the fact small independent shops have actually managed to thrive ina have actually managed to thrive in a better way than the big juggernauts on the high street that cannot be as nimble and cannot change quickly enough to what is going on this year. yes. an independent retailer is resilient, agile, creative, they needed all of that this year and will need more next year and will need more next year so that has helped. the business model also, generally speaking is not about borrowing lots of money, they are not highly geared businesses which give them more flexibility and freedom but it is still incredibly difficult and i admire those businesses who are doing everything they can to keep themselves going and many have pivoted their business and made the best of a bad time. many watching us who work in hospitality, pubs, restaurants, will be thinking, you know what, shops can be open and for longer hours as well. they are ina much
you mention and refer to what we've seen this week, the collapse of arcadia, debenhams, and in a lotysis, they talk about the fa ct analysis, they talk about the fact small independent shops have actually managed to thrive ina have actually managed to thrive in a better way than the big juggernauts on the high street that cannot be as nimble and cannot change quickly enough to what is going on this year. yes. an independent retailer is resilient, agile, creative, they needed all of that this...
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Dec 2, 2020
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the news follows the announcement that the arcadia group has gone into administration, putting 13,000the issues raised with the chancellor, rishi sunak, when he took part in his regular question and answer session in the commons. like so many in this house and across the country, i'm very concerned by the threat to thousands ofjobs triggered by the collapse of the arcadia group. the loss of debenhams in newport west will have a massive impact on newport city centre and the livelihoods of the local people and their families. can the minister outline what discussions he's had about how we can give those people the support they deserve? well, mr speaker, the honourable lady raises a good point, and obviously, the news about arcadia and indeed debenhams will be deeply worrying for employees and theirfamilies, and the government stands ready to support them. with regard to various things that are ongoing, there are negotiations between various parties and the companies at the moment, particularly with regard to pensions, and it wouldn't be right for me to comment specifically on those, but
the news follows the announcement that the arcadia group has gone into administration, putting 13,000the issues raised with the chancellor, rishi sunak, when he took part in his regular question and answer session in the commons. like so many in this house and across the country, i'm very concerned by the threat to thousands ofjobs triggered by the collapse of the arcadia group. the loss of debenhams in newport west will have a massive impact on newport city centre and the livelihoods of the...
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that's what's happening to arcadia. —— covid left us. they're not alone.ministrators tried to sell christmas stock and may be some bits of the business. let's get some of the day's other news. an iranian security chief has said that the country's intelligence services knew about a plot to assassinate a top nuclear scientist, but that they were still unable to thwart it. the secretary of iran's supreme national security council, ali shamkhani said that even the location of the planned attack on mohsen fakhrizadeh was known. deforestation in brazil's amazon region has increased by more than 9% in a year. satellite data shows that more rainforest was destroyed than at any time in past decade. president bolsonaro has encouraged the expansion of agricultural and mining activities in the amazon. a ransomware attack on a school district in the us state of maryland has halted classes for more than 115,000 pupils. the cyber attack meant all pupils learning remotely because of the pandemic could suddenly no longer access lessons. the district was hit last wednesday,
that's what's happening to arcadia. —— covid left us. they're not alone.ministrators tried to sell christmas stock and may be some bits of the business. let's get some of the day's other news. an iranian security chief has said that the country's intelligence services knew about a plot to assassinate a top nuclear scientist, but that they were still unable to thwart it. the secretary of iran's supreme national security council, ali shamkhani said that even the location of the planned attack...
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a week when the economic crisis deepened with the collapse of debenhams and arcadia.t 25,000 jobs at risk and caused huge anxiety to families at the worst possible time. also in this programme, advice for tough times. in my day, something bad happened, you stayed home, got drunk and bit on a shoe. laughter. i think that is quite a good metaphor for the times we live in. but first, boris johnson has had worst weeks as prime minister, britain's medicine regulator approved a coronavirus vaccine, — the first country in the world to do so — england's four—week nationwide lockdown was lifted and mps approved new covid rules, are tough and system of regional tiers to replace that lockdown. the ayes to the right, 291. the noes to the left, 78. so the ayes have it. the ayes have it. unlock. but 53 of the 78 mps that voted against the government were conservatives. the snp and liberal dems did not vote. had labour mps also been told to abstain, the government could well have lost. the prime minister himself had opened the six—hour debate on the new rules. this is not another lo
a week when the economic crisis deepened with the collapse of debenhams and arcadia.t 25,000 jobs at risk and caused huge anxiety to families at the worst possible time. also in this programme, advice for tough times. in my day, something bad happened, you stayed home, got drunk and bit on a shoe. laughter. i think that is quite a good metaphor for the times we live in. but first, boris johnson has had worst weeks as prime minister, britain's medicine regulator approved a coronavirus vaccine,...
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barton, arcadia groups, tesco, river island... almost everybody has visited in my showroom. are almost 5,000 garment factories in bangladesh, employing mostly women. but could the coronavirus erase decades of progress in a matter of months? you see all this is justjeans, and those made for the uk high street. theyjust keep here like that. how many days i can keep the jeans like that? where i have the space? factories shut down, leaving thousands of people out of work... chanting. ..and worried about how they will survive. bangladesh is the second largest manufacturer of ready—made garments in the world. this industry employs 4 million people in the country. 85% of them are women. the southern port city of chittagong. most of the clothing in these factories is made for fast fashion brands in america and europe. it's all about huge volumes and quick turnaround times. mostafiz uddin is the owner of denim expert. this is pepejeans london. he employs 2,000 workers, making jeans for big international brands. when he built the factory 11 years ago, mostafiz focused on creating a sa
barton, arcadia groups, tesco, river island... almost everybody has visited in my showroom. are almost 5,000 garment factories in bangladesh, employing mostly women. but could the coronavirus erase decades of progress in a matter of months? you see all this is justjeans, and those made for the uk high street. theyjust keep here like that. how many days i can keep the jeans like that? where i have the space? factories shut down, leaving thousands of people out of work... chanting. ..and worried...
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Dec 2, 2020
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come too late to many who have lost theirjobs already, and i want to turn to the collapse of the arcadias. that's put 25,000 jobs at risk. what is he going to do now to protect the jobs and the pensions of all those affected by these closures? of course, supporting everyjob that we possibly can, as well as supporting every life and every livelihood, mr speaker, with a £200 billion programme. but i'd take him more seriously, frankly, if he actually could be bothered to vote for a moderate programme to keep the virus down and open up the economy. news of the vaccine has lifted people's eyes towards the end of this pandemic, but, in truth, whether in westminster, in edinburgh, cardiff or in belfast, politicians are still going to be grappling with managing this virus and its effects for months to come, and for all of us, that means limits on our lives that ebb and flow in different corners of the country, and that don't always seem fair. but the disease doesn't care about fairness, and how everyone responds to the rules in place across the country will affect how the virus shapes the future
come too late to many who have lost theirjobs already, and i want to turn to the collapse of the arcadias. that's put 25,000 jobs at risk. what is he going to do now to protect the jobs and the pensions of all those affected by these closures? of course, supporting everyjob that we possibly can, as well as supporting every life and every livelihood, mr speaker, with a £200 billion programme. but i'd take him more seriously, frankly, if he actually could be bothered to vote for a moderate...
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arcadia, the owner of topshop, went into administraion last night. had already cut 6,500 jobs in recent months after the group went into administration. the separate news about arcadia, with brands like topshop and miss selfridge, put 13,000 jobs at risk. for now, debenhams'124 stores and its online business will stay open, but liquidators are moving in tomorrow to start to clear the stock, and if no other offer is made, the stores will close by the end of march next year. our business correspondent emma simpson has more details. debenhams, a big part of bristol for half a century. anchor stores in so many of our towns and cities, like brighton. i think it's really sad, i used to work for them a long time ago. and on the corner here in leeds. but for how much longer? we won't have any shopping centres left, we'll have no town centres left when everybody shops online. in edinburgh today, nostalgia from younger shoppers, too. i know girls who bought their prom dresses there. it's memories, you know what i mean? and staff arriving for work to find out t
arcadia, the owner of topshop, went into administraion last night. had already cut 6,500 jobs in recent months after the group went into administration. the separate news about arcadia, with brands like topshop and miss selfridge, put 13,000 jobs at risk. for now, debenhams'124 stores and its online business will stay open, but liquidators are moving in tomorrow to start to clear the stock, and if no other offer is made, the stores will close by the end of march next year. our business...
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debenhams collapsed, arcadia was legally robbed by the greens. cent and serving life without parole. when in this country are we going to get some proper regulation and legislation to tackle people whose behaviour is de facto criminal, but it at the moment, is technically legally 0k? i and the whole house actually agree that we are to ensure our legislation can deal with those that would plunder pension schemes. that is why we currently have a pension scheme bill going through parliament. would the minister agree with me that perhaps she should contact the prime minister and try to get philip green's knighthood revoked, as he's clearly less than an honourable man? it would not be right for me to comment on individual cases, as i've already said. however, i would point out that there is a very clear independent process in place for the forfeiture of an honour and the final decision on whether to revoke and honour is made by an independent committee. lady stedman scott. and that's it from me for now but do join me next time for the highlights of th
debenhams collapsed, arcadia was legally robbed by the greens. cent and serving life without parole. when in this country are we going to get some proper regulation and legislation to tackle people whose behaviour is de facto criminal, but it at the moment, is technically legally 0k? i and the whole house actually agree that we are to ensure our legislation can deal with those that would plunder pension schemes. that is why we currently have a pension scheme bill going through parliament. would...
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Dec 1, 2020
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news about devon, i'm just 24 hours after the arcadia group, which has such brand names as top shop. talk to selfridge announced that they were going to potentially lose around $13000.00 jobs as a result of going into administration. again, evidence of the very difficult trading environment for the high street. the factors have not just been about the pandemic. the high street has been under strain for many years. the move to online shopping, the move out of town retail parks as well. but this coronavirus has put the retail sector under enormous strain and so soon before christmas it is a bitter blow for thousands of workers, up and down the u.k. . well before a vaccine is widely available, testing remains the best route to getting many countries operating in any way like normal. now, a u.k. developer says it's of rapid test could provide a result on the spot within 10 minutes. but as general health reports from manchester, economic concerns are still coming up against privacy worries. it's tempting to think the arrival of a vaccine will mean the end of all this students being tested
news about devon, i'm just 24 hours after the arcadia group, which has such brand names as top shop. talk to selfridge announced that they were going to potentially lose around $13000.00 jobs as a result of going into administration. again, evidence of the very difficult trading environment for the high street. the factors have not just been about the pandemic. the high street has been under strain for many years. the move to online shopping, the move out of town retail parks as well. but this...
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Dec 1, 2020
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but with the news from yesterday, that arcadia was going into administration, and arcadia has a large number of concessions within devon. and it meant that the possibility of a rescue plan for deadlines simply evaporated implications. of 25000 jobs put in jeopardy in just 24 hours in just 2 days here in the u.k. . very clear on a very bleak period for the high street in this run up to christmas. these are big numbers, but they're unlikely to be the last in a very, very difficult trading environment for british retailers to the us. a proposal for nearly one trillion dollars in additional covert relief is being rushed through congress. with the aid package of support from both the democrats and the republicans in both the senate and house of representatives that is expected soon include direct support from in a simple and state leaders, packages, setting aside at least $45000000000.00 for the transportation sector. that will include around $17000000000.00, a payroll supports for airlines. so let's get more now from our white house correspondent, kimberly whole carrots. i can't believe p
but with the news from yesterday, that arcadia was going into administration, and arcadia has a large number of concessions within devon. and it meant that the possibility of a rescue plan for deadlines simply evaporated implications. of 25000 jobs put in jeopardy in just 24 hours in just 2 days here in the u.k. . very clear on a very bleak period for the high street in this run up to christmas. these are big numbers, but they're unlikely to be the last in a very, very difficult trading...
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Dec 2, 2020
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come too late to many who have lost theirjobs already, and i want to turn to the collapse of the arcadiat 25,000 jobs at risk. what is he going to do now to protect the jobs and the pensions of all those affected by these closures? of course, supporting everyjob that we possibly can, as well as supporting every life and every livelihood, mr speaker, with a £200 billion programme. but i'd take him more seriously, frankly, if he actually could be bothered to vote for a moderate programme to keep the virus down and open up the economy. news of the vaccine has lifted people's eyes towards the end of this pandemic, but, in truth, whether in westminster, in edinburgh, cardiff or in belfast, politicians are still going to be grappling with managing this virus and its effects for months to come, and for all of us, that means limits on our lives that ebb and flow in different corners of the country, and that don't always seem fair. but the disease doesn't care about fairness, and how everyone responds to the rules in place across the country will affect how the virus shapes the future for us all.
come too late to many who have lost theirjobs already, and i want to turn to the collapse of the arcadiat 25,000 jobs at risk. what is he going to do now to protect the jobs and the pensions of all those affected by these closures? of course, supporting everyjob that we possibly can, as well as supporting every life and every livelihood, mr speaker, with a £200 billion programme. but i'd take him more seriously, frankly, if he actually could be bothered to vote for a moderate programme to keep...
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Dec 1, 2020
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but with the news from yesterday, that arcadia was going into administration, and arcadia has a large number of concessions within devon. and it meant that the possibility of a rescue plan for devon's simply evaporated. it's the end of a long tradition 242 years. devon says been in business and we spoke to some people here on a strangely quiet street today, and they expressed their sorrow at the loss of such a big name. very, very disappointed about that because ideologue online shopping. and they've got so many different brands in there. so it's one of the stores i shop in very frequently . so yes, and they then use on around 130 people who are going to lose their job. it's a great show and i actually work there because we're from brighton and i always thought of stuff from them and i think they were babies, christmas things, things for the house. it's a z's really, really said. so one of the things is deborah homes, or was it was the heart of the high street, the big department store, but often have satellites of little independent stores that would gather around it . and the factor
but with the news from yesterday, that arcadia was going into administration, and arcadia has a large number of concessions within devon. and it meant that the possibility of a rescue plan for devon's simply evaporated. it's the end of a long tradition 242 years. devon says been in business and we spoke to some people here on a strangely quiet street today, and they expressed their sorrow at the loss of such a big name. very, very disappointed about that because ideologue online shopping. and...
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Dec 2, 2020
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the collapse of debenhams and arcadia, the owner of brands like topshop and dorothy perkins, has putgiants will leave a big hole here in newcastle city centre, and on high streets across britain. and today, bonmarche went into administration, with 1,500 staff affected. but shopping centres are trying to sparkle. tier 3 rules mean shops at the metrocentre in gateshead can open. cafes, though, can only do takeaways. we went to have a sandwich, but then we got told we had to go outside, so that was a bit difficult. i'm shocked it's so quiet, i was expecting it to be quite busy. i always have liked in—store buying rather than online. and so it is nice to come out and purchase things that you can see. managers hope longer opening hours will boost sales. stores can trade 24 hours a day. these three—and—a—bit weeks up to christmas will account for between 50% to 60% of some of our retailers‘ sales. so, the month of december obviously is absolutely key. the retail sector has lost billions of pounds‘ worth of sales in lockdown, and businesses are now banking on a late christmas rush. sarah co
the collapse of debenhams and arcadia, the owner of brands like topshop and dorothy perkins, has putgiants will leave a big hole here in newcastle city centre, and on high streets across britain. and today, bonmarche went into administration, with 1,500 staff affected. but shopping centres are trying to sparkle. tier 3 rules mean shops at the metrocentre in gateshead can open. cafes, though, can only do takeaways. we went to have a sandwich, but then we got told we had to go outside, so that...
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Dec 1, 2020
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but with arcadia going down in arcadia and many of the concessions inside decided to pull out. they said that price that they were willing to pay originally just wasn't worth it anymore. and that leaves devon ums, in dire straits, frankly. so it's a very bleak day for the high street. we're on the edge of the end of the national lockdown retailers like devon's are expecting to open and will open. many of them will open tomorrow, but it will be for the purposes of clearing out stock, not a not for the purposes of relaunching. and it's a bigger and brighter things. all right, that's paul brennan, from london. united nations is appealing to ethiopian authorities for access to thousands of area train refugees in the region. tens of thousands of people have fled the fighting for refugee camps in neighboring sudan. mohammed val is one of them camp in sudan, what are people facing their way? you are various types of conditions, particularly in terms of numbers. there is a huge number of people here already are not talking about those who are arriving every day cited but those who have
but with arcadia going down in arcadia and many of the concessions inside decided to pull out. they said that price that they were willing to pay originally just wasn't worth it anymore. and that leaves devon ums, in dire straits, frankly. so it's a very bleak day for the high street. we're on the edge of the end of the national lockdown retailers like devon's are expecting to open and will open. many of them will open tomorrow, but it will be for the purposes of clearing out stock, not a not...
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this week when of the hospitality sector struggling to get her into stories from the high street arcadiaother businesses as well. but, it looks like it reminded me of those black friday sales, the boxing day were people start chewing up and getting mad. we like our shopping and we like our beer. i can't work out that photograph. eight bags and going backin photograph. eight bags and going back in for more, barry carry them. it is madness. i'm not sure, but people love their shoes and shops, i got far too many shoes but they need this, as he picked up on this, the devastating news that we been hearing, the shops need to come back and spend cash. those guys there that they're not socially distancing and that because the problem was shopping at the moment and i'm sure they've held out at the at the door they've held out at the at the door the mask because within the shop, only so many people are allowed in their routes it is not safe. there isa their routes it is not safe. there is a real risk is that we are trying to get more people in the shop to save the shops yes we cannot have that man
this week when of the hospitality sector struggling to get her into stories from the high street arcadiaother businesses as well. but, it looks like it reminded me of those black friday sales, the boxing day were people start chewing up and getting mad. we like our shopping and we like our beer. i can't work out that photograph. eight bags and going backin photograph. eight bags and going back in for more, barry carry them. it is madness. i'm not sure, but people love their shoes and shops, i...
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how many more arcadias do you think are out there in europe? coram: it's very hard to predict.e do not really have visibility into the impact of what is happening right now. as we mentioned at the beginning, for adecco, the restrictions have had less of an over the last couple of weeks we anticipatedthd. it's very difficult to predict who is going to win and who's going to lose. manus: thank you for your time this morning with annmarie and myself. with the implementation of the new strategy. come back and tell us the numbers. stepping down. unicredit's ceo is leaving after more than four years at the bank. that is after clashes with the board. more on the story. this is bloomberg. ♪ ♪ it is it is "bloomberg daybreak: europe." unicredit's ceo, jean-pierre mustier, stepping down after four years after clashes with the board on strategy. great to have you with us. good morning. >> good morning. it was a pretty unexpected decision. as you say, if you speak to several people involved in the discussion, this follow tensions materializing in the last couple of months. on sunday night,
how many more arcadias do you think are out there in europe? coram: it's very hard to predict.e do not really have visibility into the impact of what is happening right now. as we mentioned at the beginning, for adecco, the restrictions have had less of an over the last couple of weeks we anticipatedthd. it's very difficult to predict who is going to win and who's going to lose. manus: thank you for your time this morning with annmarie and myself. with the implementation of the new strategy....
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let's bring you an update on the problems at arcadia, going into administration.lip green, stena green, tina greene, who is the ultimate owner of the fashion group that has collapsed said that she was bringing forward payments she had committed to make to the retailer's pension fund paying £100 million into that pension scheme in three instalments as part of a restructuring plan for the group that had been agreed by creditors. a statement issued on her behalf said two instalment of £25 million have already been paid, and a third and final instalment of £50 million was not due to be paid until september next year, which is going to bring that payment forward to be paid in the next 7—10 days to com plete paid in the next 7—10 days to complete the £100 million commitment of payment. there is no legal pressure on them to come up with any more, but that still leaves £250 million in that pensions deficit. have more later on. now it's time for a look at the weather with darren bett. the weather has been turning colder today in north—western parts of the uk. and that cold
let's bring you an update on the problems at arcadia, going into administration.lip green, stena green, tina greene, who is the ultimate owner of the fashion group that has collapsed said that she was bringing forward payments she had committed to make to the retailer's pension fund paying £100 million into that pension scheme in three instalments as part of a restructuring plan for the group that had been agreed by creditors. a statement issued on her behalf said two instalment of £25...
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we know that arcadia was behind its competitors in terms of online operation and investing in it. isn't something that's going to go away but people do want to spend on stores as well so i think what that tells us as it needs to be far better omni— channel experiences and far better services. retailers have to create a connection between physical stores and what they are doing online and creating a much more exciting online experience as well. you've got the kind of big players like boohoo and zara doing well online and also technological start—ups, people creating virtual flagships. charlotte tilbury orjo malone where you can get on a website and explore the physical store from your desktop, we are seeing these innovations which some of the heavyweights of the high street. this used to be called the mothership, that's how it was referred to by industry people. they are losing out because they haven't quite been quick enough because they felt like the legacy of these big store spaces would be enough to carry them through and unfortunately it hasn't so we're definitely going to see
we know that arcadia was behind its competitors in terms of online operation and investing in it. isn't something that's going to go away but people do want to spend on stores as well so i think what that tells us as it needs to be far better omni— channel experiences and far better services. retailers have to create a connection between physical stores and what they are doing online and creating a much more exciting online experience as well. you've got the kind of big players like boohoo...
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the full across all arcadia brands.l stores and customers will be able to use them online from early next week. if you want to use your gift card online, you will have to wait until monday. jane, what is key here is that administrators are not obliged to use gift cards and vouchers. they are not technically doing anything wrong here, but you may recall when hmv went into administration, consumers kicked up administration, consumers kicked up a fuss because they said that the gift cards were now void. that in turn made hmv reverse its decision. we do know that gift cards are worth around £4 billion and many people do buy them to give to people, especially during times like christmas, so the market is worth billions. this is a very popular thing for many to do. there will be consumers who are, as i said, frustrated and angry with this decision. but arcadia has gone into administration and that does mean that it has some breathing space from creditors while another buyer is looked for. thank you very much. university stude
the full across all arcadia brands.l stores and customers will be able to use them online from early next week. if you want to use your gift card online, you will have to wait until monday. jane, what is key here is that administrators are not obliged to use gift cards and vouchers. they are not technically doing anything wrong here, but you may recall when hmv went into administration, consumers kicked up administration, consumers kicked up a fuss because they said that the gift cards were now...
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but that said 12000 jobs at devon and followed 513000 jobs at the arcadia group. that's a lot of jobs in a short space of time and it won't be the last in this very, very bleak winter. indeed. spall brennan, there reporting live from the central london. thank you very much indeed. now a critical part of rebuilding confidence in the global economy will be a reliable system of mass testing. one of those options is a rapid saliva test developed in the u.k. . it's now been trials in spain. jonah ho has more now from manchester. it's tempting to think the arrival of a vaccine will mean the end of all this students being tested before returning home for christmas, whole city populations trying to reduce transmission. but it won't. we don't have many long term arms. we don't know people, we need em on your back. so there's a lot of things we don't know about scenes. so using diagrams that at the moment i'm a bit in the media will be long. it's going to be really important. fast accurate testing remains of vital goal. 5. troublous of the solution for which case will be th
but that said 12000 jobs at devon and followed 513000 jobs at the arcadia group. that's a lot of jobs in a short space of time and it won't be the last in this very, very bleak winter. indeed. spall brennan, there reporting live from the central london. thank you very much indeed. now a critical part of rebuilding confidence in the global economy will be a reliable system of mass testing. one of those options is a rapid saliva test developed in the u.k. . it's now been trials in spain. jonah ho...
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last night, another retail giant arcadia collapsed into adminstration — threatening a further 13,000did for debenhams. what was your business with them?” have been with debenhams for ten yea rs have been with debenhams for ten years and had a licensing relation ship with them, so i would design a host of products and debenhams would then manufacture them, but image production and then put them in their stores. and how important for your business has that line in debenhams bin? in the beginning, it was amazing. it literally catapulted my brand, and as we got bigger, it has not such a huge part of my business anymore, but for at least six or seven business anymore, but for at least six or seven years, business anymore, but for at least six or seven years, it was literally amazing, and completely turned my business around because, suddenly, i was on every high street, i became a high street name. for me, today, it's such a sad day. and i'm sure, abigail, uniformed relationship with people in debenhams over the past few years, the buyers, the designers who are now in an awful position ——
last night, another retail giant arcadia collapsed into adminstration — threatening a further 13,000did for debenhams. what was your business with them?” have been with debenhams for ten yea rs have been with debenhams for ten years and had a licensing relation ship with them, so i would design a host of products and debenhams would then manufacture them, but image production and then put them in their stores. and how important for your business has that line in debenhams bin? in the...
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but with the news of arcadia and debenhams falling, what does this mean for the high street and retailtain's high streets worsens. our business presenter is on oxford street now. just a couple of people behind you, iam just a couple of people behind you, i am interested to find out whether there has been the sort of pick—up in trade that those physical shops have been hoping for? well, we are not seeing any signs of that here this morning. the primark behind me did open early doors, it will close at 11pm and there are primark stores around the company staying open for 24 hours. retailers are keen to make up 24 hours. retailers are keen to make upfor 24 hours. retailers are keen to make up for that lost ground incurred during the lockdown period, that is ending today, that has ended today. as you said, some shops are plummeting their prices, change get people to come in and to buy their products. if you gojust people to come in and to buy their products. if you go just down people to come in and to buy their products. if you gojust down here on bond street on the right—hand side, some s
but with the news of arcadia and debenhams falling, what does this mean for the high street and retailtain's high streets worsens. our business presenter is on oxford street now. just a couple of people behind you, iam just a couple of people behind you, i am interested to find out whether there has been the sort of pick—up in trade that those physical shops have been hoping for? well, we are not seeing any signs of that here this morning. the primark behind me did open early doors, it will...
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obbecause 13,000are now at risk with the collapse of philip greene's retail empire arcadia.usiness had been seeking extra cash to make up for the loss in les because of the pandemic. no last-minute rescue deal has been forthcoming. so, many thousands of jobs are at risk. we tt n to france cause the government has u-turned on the part of and the reason is connected to cefour police of being put under formal investigaver the beating of a black music producer. this is the equivalent of being charged entrance. aught on cctv and widel shared online. here are some of it. three police officers beat and kick him in the entrance to studio and afterd being for of the door, fourth officer releases a tear gas canister into a small entrance. he required stitches and he claims the officers use racist slurs, something antennae. tw--something they tonight at president macron has called then dent shameful. >> the president is lyhappy but ac it is not about -- it's about rights. it is just exploding one of the big issues in france, which is how the state and people relate toti systemic discri
obbecause 13,000are now at risk with the collapse of philip greene's retail empire arcadia.usiness had been seeking extra cash to make up for the loss in les because of the pandemic. no last-minute rescue deal has been forthcoming. so, many thousands of jobs are at risk. we tt n to france cause the government has u-turned on the part of and the reason is connected to cefour police of being put under formal investigaver the beating of a black music producer. this is the equivalent of being...
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the arcadia group, which owns it, dozens of fashion brands, including top shop, has now filed for bankruptcy. there's been no announcement of store closures, old layoffs, but the move puts an estimated $13000.00 jobs at risk. brazil's amazon rain forest is disappearing at an alarming rate with deforestation. surging to a 12 year high official government data for 2020 shows the rainforest lost 11000 square kilometers of vegetation, which is a 10 percent increase on last year. scientists say the amazon has suffered losses at an accelerated rate since in our became president and 29000. he has been encouraging the expansion of agricultural and mining activities in the rainforest. the increase is being blamed on forest fires, which are used to create a land for farming and logging yams, and of course, the world's largest rainforest. it's billions of trees, store immense amounts of carbon, which is needed to moderate global temperatures. as part of the 3rd, who is a founding director at the brazil institute at the woodrow wilson center, we're told is economic development in the amazon and conserva
the arcadia group, which owns it, dozens of fashion brands, including top shop, has now filed for bankruptcy. there's been no announcement of store closures, old layoffs, but the move puts an estimated $13000.00 jobs at risk. brazil's amazon rain forest is disappearing at an alarming rate with deforestation. surging to a 12 year high official government data for 2020 shows the rainforest lost 11000 square kilometers of vegetation, which is a 10 percent increase on last year. scientists say the...
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Dec 29, 2020
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more jobs at risk on the high street as arcadia's administration leads to more trouble at debenhams.he high street as debenhams goes out of business. in many ways this is the worst week for high street retail that we have ever seen. even before the pandemic, high street stores were contending with online rivals, but as covid closed nonessential retail those without a website saw business disappear overnight. it was a painful contrast to the panic buying that emptied supermarket shelves amid soaring sales of toilet roll, flour, eggs and pasta. absolute nightmare to be perfectly honest. not a lot on the shelves left. no toilet roll at all. it's been a roller coaster. i never imagined i would end up doing a story about loo roll, how much we produce of it, for the national news. but in a way, that's how the pandemic, for me, started to unfold. in retail. because we all knew that the lockdown was brewing so what did lots of people do? they made a dash to the shops to stockpile. when the lockdown came, the high street effectively shut. those town centres so eerily quiet and for the high st
more jobs at risk on the high street as arcadia's administration leads to more trouble at debenhams.he high street as debenhams goes out of business. in many ways this is the worst week for high street retail that we have ever seen. even before the pandemic, high street stores were contending with online rivals, but as covid closed nonessential retail those without a website saw business disappear overnight. it was a painful contrast to the panic buying that emptied supermarket shelves amid...
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thousands of jobs thousands ofjobs at risk as arcadia goes into administration.surge covid lockdown measures has seen a surge in tv watching right around the
thousands of jobs thousands ofjobs at risk as arcadia goes into administration.surge covid lockdown measures has seen a surge in tv watching right around the
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as we've seen in the news the last couple of days the high street is already here with arcadia in devon and. it's been decimated by hospitality interest if the government does that look. for people who have been confirmed dead all to a large explosion in the west of england the incident happened at a waste water treatment facility outside of bristol while we're porting from the site it's all. well around 1120 this morning local time emergency services board to this water treatment facility here just outside bristol in the south west of england been an explosion at a chemical plant the at the site not too long the government off our sorry we've had a press conference being held by the local chief of police and the local head of the fire service the fire service lead the rescue operation but sadly despite the best efforts of all those involved we can confirm that the full face of the seas the sea fleet 3 employees that were 6 was the one contractor the 5th person was also injured but their injuries are not believed to be life threatening. but the investigation will be carried out into wha
as we've seen in the news the last couple of days the high street is already here with arcadia in devon and. it's been decimated by hospitality interest if the government does that look. for people who have been confirmed dead all to a large explosion in the west of england the incident happened at a waste water treatment facility outside of bristol while we're porting from the site it's all. well around 1120 this morning local time emergency services board to this water treatment facility here...
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in the uk the top story has been the colla pse the top story has been the collapse of arcadia, and thehas now pulled out. debenhams has now pulled out. debenhams has experienced an overwhelming demand for its fire sale goods online, and so therefore shoppers are trying to make the most of the opportunity. i will be talking to experts in retail about what the uk high street might look like in the future. the crisis is currently being dealt with. i will see you soon. hello there. we are into the start of december and meteorological winter and it will feel very wintry for the rest of this week. we will see change behind this front, arctic air will spread and some showers which will turn increasingly wintry over northern hills through the course of today. windy for much of scotland and northern ireland with gales in the far northwest and a lot of showers, western scotland particularly, where some will be heavy with hail and thunder mixed in and increasing snow to the hills. the cold front sinking to the southeast will confine to the southeast, cloudy with rain here but the skies will brigh
in the uk the top story has been the colla pse the top story has been the collapse of arcadia, and thehas now pulled out. debenhams has now pulled out. debenhams has experienced an overwhelming demand for its fire sale goods online, and so therefore shoppers are trying to make the most of the opportunity. i will be talking to experts in retail about what the uk high street might look like in the future. the crisis is currently being dealt with. i will see you soon. hello there. we are into the...
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Dec 1, 2020
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and of an empire, arcadia goes into administration. the price is not right.ards and house sales of the game have taken off during lockdown.
and of an empire, arcadia goes into administration. the price is not right.ards and house sales of the game have taken off during lockdown.
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welcome back in about 72 hours one of britain's biggest clothing groups arcadia is announcing chemical trade anymore threatening the livelihoods of tens of thousands of workers and some predict the collapse of many more household names because of the impact of coronavirus is the whole global economic model for manufacturing changing and woodworkers ironically be the winners joining me now from london to talk about his new book monopsony capitalism is dr. welcome to going underground this sounds to me and i'll be up to mystic book for anyone worried about that train is being from sweat shops what is monopsony so the best way to look at monopsony is as a kind of. an inverse of monopoly monopolies you have say 2 shoe companies or 3 shoe companies and they have equal parts in a market and then let's say one takes over another shoe company and it becomes 2 thirds of the market that means they have 2 thirds of monopoly of that market monopsony is the relationship between that shoe producer and the various parts of the supply chain so if you have a high degree of monopsony and you have many s
welcome back in about 72 hours one of britain's biggest clothing groups arcadia is announcing chemical trade anymore threatening the livelihoods of tens of thousands of workers and some predict the collapse of many more household names because of the impact of coronavirus is the whole global economic model for manufacturing changing and woodworkers ironically be the winners joining me now from london to talk about his new book monopsony capitalism is dr. welcome to going underground this sounds...
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as we've seen in the news the last couple of days the high street is already with arcadia and devon and. it's been decimated and hospitality next to that is that what. he's trying to an army of lawyers on social media tools at his disposal and now donald trump is pleading with the super u.s. supreme courts to have a ton the presidential election results and called the election stolen. this may be the most important speech i've ever made i want to provide an update on our own going efforts to expose the tremendous voter fraud and irregularities which took place during the ridiculous lee long nov 3rd elections i am determined to protect our election system which is now under coordinated assault and see if we're right about the fraud. joe biden can't be president trump pointed to irregularities in the voting system including millions of illegal votes and dead people casting ballots he accused the democrat run areas of voter corruption and changing the results trans agitate accept any outcome as long as it's not a cure it's but his attorney general's already on to cut some of the claims we
as we've seen in the news the last couple of days the high street is already with arcadia and devon and. it's been decimated and hospitality next to that is that what. he's trying to an army of lawyers on social media tools at his disposal and now donald trump is pleading with the super u.s. supreme courts to have a ton the presidential election results and called the election stolen. this may be the most important speech i've ever made i want to provide an update on our own going efforts to...
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as we've seen in the news let's look at days to our street is already here with arcadia and devon and. it's been decimated. if the government does that will. be a conservative web site in the u.s. has leaked recordings of morning briefings from the news network c.n.n. now the tape speech shot company president jeff zucker and project. claims they prove the network is biased against president. but i just want to read. that. you know i think we cannot know. what has happened here. in the last week. and his behavior and i go back to what david said to tell you that this look president knows he's losing those he's in trouble. is. maybe is. the aftereffects of steroids or not i don't know but he is you know radically and desperately and we need we need to. we need to we need to normalize. well the network has responded to the need threatening legal action against a project and it's defended the language used in the recording saying diversity of possible opinion is what makes c.n.n. strong we welcome and embrace it well let's get now some inside scoop from neil my cave communications manage
as we've seen in the news let's look at days to our street is already here with arcadia and devon and. it's been decimated. if the government does that will. be a conservative web site in the u.s. has leaked recordings of morning briefings from the news network c.n.n. now the tape speech shot company president jeff zucker and project. claims they prove the network is biased against president. but i just want to read. that. you know i think we cannot know. what has happened here. in the last...
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as we've seen in the news the last couple of days the high street is already with arcadia and devon ims. it's been decimated and hospitality next if the government does step up. president trump has urged the supreme court to intervene in the u.s. election and overturn the results in multiple states and a 46 minute speech posted online he repeated his claim that the vote was stolen. this may be the most important speech i've ever made i want to provide an update on our own going efforts to expose the tremendous voter fraud and irregularities which took place during the ridiculous leave alone nov 3rd elections i am determined to protect our election system which is now under coordinated assault and see if we're right about the fraud. joe biden can't be president from point a to allege irregularities in the voting system including millions of illegal votes and dead people casting ballots he is democrat run areas of voter corruption and changing the person's old traumatic he'd accept any outcome as long as it's accurate but his attorney general's already undercut some of his claims we have
as we've seen in the news the last couple of days the high street is already with arcadia and devon ims. it's been decimated and hospitality next if the government does step up. president trump has urged the supreme court to intervene in the u.s. election and overturn the results in multiple states and a 46 minute speech posted online he repeated his claim that the vote was stolen. this may be the most important speech i've ever made i want to provide an update on our own going efforts to...
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the arcadia group that owns dozens of fashion brands has filed for bankruptcy store closures and layoffs have not been announced yet. what public schools in iraq of reopened, after being closed since march, because of the pandemic, the number of new infections has fallen to about 1500 cases a day, but many students fear they will struggle to catch up on their last lessons. simona 14 reports from baghdad. the 1st day of school in times of coronavirus, these 6 year olds waited for more than 2 months to start their education. the iraqi government lifted the lockdown in september, but public schools only reopened this week. finally, it was supposed to start earlier, but they delayed it because of the large number of infections. yes, the malls and the shops reopened earlier, but the number of infections was very high. now the numbers of started to go down. hopefully the pandemic will go away soon. and we will try to catch up on schooling . the pandemic has spurred a wide and preexisting disparities in education. private schools catering to wealthy students have largely stuck to the academic c
the arcadia group that owns dozens of fashion brands has filed for bankruptcy store closures and layoffs have not been announced yet. what public schools in iraq of reopened, after being closed since march, because of the pandemic, the number of new infections has fallen to about 1500 cases a day, but many students fear they will struggle to catch up on their last lessons. simona 14 reports from baghdad. the 1st day of school in times of coronavirus, these 6 year olds waited for more than 2...