The big business news in recent days has been the imminent collapse of Arcadia, the hodge-podge of fashion retail brands, led by TopShop and assembled by Philip Green. The mainly bricks and mortar operation has been hit hard by widespread lockdowns but it was struggling even before Covid-19 arrived. In a world of widespread digital transformation Arcadia has failed to adapt and has been left exposed. It seems increasingly certain that Covid-19 has not so much changed the world as accelerated a process of change that was already taking place.
