Next consortium in pole position to buy Philip Green’s Topshop empire

Arcadia, which employed 13,000 staff in 500 outlets when it collapsed, up for auctionA consortium that includes high street giant Next is thought to be in pole position to buy Sir Philip Green’s Topshop empire out of administration.Arcadia, which employed 13,000 people across 500 outlets at the time of last year’s collapse, is being auctioned, with Monday being the deadline for final bids. Continue reading…

‘Digital poverty’ could lead to lost generation of university students, vice-chancellors say

Higher education bodies tell Gavin Williamson little has been done to help disadvantaged students access remote learningTens of thousands of university students in England need urgent help to stop “digital poverty” from hindering their studies during lockdown, according to a group of vice-chancellors and higher education bodies.While the government has provided laptops and other devices to disadvantaged school pupils and college students in England, the group says university students have been ignored, with little or nothing done to help them access remote learning while campuses are off-limits. Continue reading…

Deliveroo secures $180m in funding as it prepares for IPO

London-based company valued at more than $7bn after Covid accelerates widespread use of servicesDeliveroo has secured another $180m (£132m) of funding from shareholders including Amazon, in a move that values the takeaway delivery company at more than $7bn as it gears up for a blockbuster stock exchange listing.Will Shu, Deliveroo’s founder and chief executive, said the London-based company would use the new cash from existing investors to improve the business for “consumers, riders and restaurants”, as he confirmed for the first time that the company was working on plans for an initial public offering (IPO). Continue reading…