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“Tsunami of insolvencies” likely as retail faces collapse

Insolvency partner expects more businesses falling into administration as retail group ends partnership with suppliers.

“Tsunami of insolvencies” likely as retail faces collapse
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While businesses are welcoming the extension of tax deferrals and financial schemes, their survival is hanging by a thread – and the collapse of retail giant Arcadia is just there to prove it, says Tim Symes, partner and expert in insolvency at law firm Stewarts.

Read more at AccountancyAge.

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