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Darren urges Government to avoid another Arcadia/Debenhams collapse

Following Arcadia entering administration and putting thousands of jobs at risk, Darren called on the Government to urgently support the retail sector, including retail supply chains.

Darren wrote to the Secretary of State for Business, Alok Sharma, asking the Government to outline their plan to support large retail businesses and their complex supply chain of smaller and independent businesses. The collapse of large retailers like Debenhams has a devastating effect on local communities and both the people directly employed by the stores and those within its supply chain network.

Darren asked Paul Scully, Minister for Small Business, Consumers and Labour Markets, to do more to support the small businesses caught in the storm of large retail collapses.

DJ UQ Arcadia BEIS

Commenting on the stress placed on businesses by Government’s COVID induced recession, Darren called for a taskforce to be set up to limit further damage to livelihoods:

“It has been a dark week for bricks and mortar retail in the UK. While many will point to issues relating to the management record and business models at Arcadia and at Debenhams, there is no doubt that Covid-19 has hit the high-street hard and, sadly, looks likely to bring job losses and store closures to many communities across the country. I hope the Secretary of State will come forward with more detail on the support the Government will provide to the retail sector.

The Government should be doing more to bring stakeholders together to find a solution to commercial rent debts as well as support for small businesses in the retail supply chain. I hope the Secretary of State will look again at setting up a Retail Taskforce with tenants, landlords, banks, supply chain businesses and Ministers to find solutions before more damage is caused.”