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.
World Bank approves $700 million for Pakistan's economic stability
The World Bank said it has approved $700 million in financing for Pakistan under a multi-year initiative aimed at supporting the country's macroeconomic stability and service delivery.
China's ByteDance signs deal to form joint venture to operate TikTok US app
TikTok's Chinese owner, ByteDance, has said it has signed agreements with three major investors to form a joint venture to operate TikTok's US app led by American and global investors on Thursday.
India reviewing allegations of antitrust breaches by IndiGo
India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide.
DXB and DWC boost winter schedules with new routes
Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.
Amazon in talks to invest in OpenAI
Amazon.com Inc is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.
