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Arcadia US administration to go ahead

Arcadia now has the go ahead to take its US subsidiary into administration and shutter its 11 Topshop and Topman stores in the country following a change of heart by two of its US landlords who had originally opposed its plans causing a delay to the retailer's controversial CVA plans. 23 stores will also now close in the UK along with a further 25 Miss Selfridge and Evans stores whilst some of the retailer's stores will benefit from reduced rents. 

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