Arcadia Group is looking at different ways to cut costs.
Their chairman Sir Philip Green says they're restructuring the retail empire which includes brands like Topshop and Miss Selfridge.
In a statement, the company said it was suffering "an exceptionally challenging retail market."
Experts say store closures and job cuts are likely.
Digital companies growing rapidly: Dubai Chamber
The growth rate of digital companies in Dubai is double that of traditional companies, according to Vice Chairman of the Dubai Chamber of Digital Economy, Ahmad Bin Byat.
Boeing to cut 17,000 jobs as strike hits finances
Boeing will cut 17,000 jobs, delay the first deliveries of its 777X jet by a year, and record $5 billion (AED 18.3 billion) in losses in Q3, as the US planemaker continues to spiral during a month-long strike.
Abu Dhabi Government to participate in GITEX Global 2024
Abu Dhabi Government will participate in GITEXGlobal 2024, taking place from October 14 to 18 at the Dubai World Trade Centre, under the theme ‘Towards an AI-Native Government'.
UAE set to exceed renewable energy ambitions: IEA
The UAE is expected to exceed its renewable energy capacity ambitions for 2030, the International Energy Agency (IEA) said.
Investments by Dubai companies in Turkey hit $2 billion
Dubai-based companies have invested nearly $2 billion (AED 7.3 billion) in Turkey from 2018 to mid-2024, while Turkish investments in the emirate totalled $100 million (AED 367.3 million) from 2015 to 2023.
