Sir Philip Green’s Arcadia faces winding-up order as it cancels orders

// Arcadia faces winding-up petition from Principle Systems as it cancels orders
// Principle System developed furniture & branding for the latest Ivy Park & Kate Moss collections in Topshop
// Arcadia also could serve notice on landlords to walk away from many of its 550 stores this weekSir Philip Green’s Arcadia Group is reportedly facing a winding-up order as it cancels payments to suppliers in a bid to stay afloat amid the coronavirus pandemic.
According to The Sunday Telegraph