Arcadia Group is looking at different ways to cut costs.
Their chairman Sir Philip Green says they're restructuring the retail empire which includes brands like Topshop and Miss Selfridge.
In a statement, the company said it was suffering "an exceptionally challenging retail market."
Experts say store closures and job cuts are likely.
DXB to welcome over 4.2 million guests over next two weeks
Dubai International Airport (DXB) is gearing up to accommodate a surge in travellers over the next two weeks, marking one of the busiest travel periods of the year.
UAE, India review strategic partnership during joint sessions in Abu Dhabi
The UAE and India have reviewed the progress of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries that aim to advance bilateral trade towards a shared goal of $100 billion.
Mubadala, Barings launch $500 million global real estate debt partnership
Abu Dhabi-based Mubadala Investment Company and global investment manager Barings have announced the launch of a $500 million global real estate debt partnership.
UAE, Philippines agree on additional flight rights
The UAE and the Philippines have agreed to expand air services, clearing the way for UAE national carriers to operate additional flights to Manila.
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