Iconic British handbag chain ‘owes MILLIONS’ after collapse – as it plots 21 store closures

An iconic British handbag brand, Radley, is reportedly facing a significant financial burden after its recent collapse, owing millions to suppliers. The brand had to close all of its 21 stores earlier this year due to mounting financial strain. Despite being bought out of administration by Poundland, the company is now plotting the closures, which underscores the broader challenges facing traditional retail businesses amid shifting consumer preferences and the rise of online shopping. This situation highlights the precarious state of legacy brands struggling to adapt to modern market demands.