image copyrightReutersBreaking up the Arcadia retail empire, which includes Topshop, Burton and Dorothy Perkins, is “the only way” forward as it faces collapse, its former chief executive said.
Lord Rose, now chairman of Ocado, said “people will come and pick over the carcass” but not all the brands and infrastructure are likely to sell.
“If you aren’t relevant, you’re probably going to die,” he said.
Administrators could be appointed on Monday, putting 13,000 jobs at risk.
Lord Rose, who was chief executive of Arcadia until it was bought by retail tycoon Sir Philip Green in 2002, said the company had been “caught ou…
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