By John Sillett

The recent collapse into administration of shop group Arcadia and Debenhams’ department stores was shocking, but not unexpected. Both companies have had their assets looted by their owners; Arcadia’s owner Philip Green has become widely seen as the unacceptable face of capitalism. Whilst the vultures pick over the bones of Topshop and its relations, there has been an avalanche of redundancies in many sectors, from construction to engineering. The pandemic has hastened the collapse or rationalisation of companies depending on footfall, like retail, hospitality and tourism.