Topshop and Topman suffered a loss of £498.5 million for 2018 , which is a drastic rise from the £15.6 million loss in 2017.

Sales were also shown to have declined by 9% to £846.7 million.

The figures show the true extent of Arcadia’s struggles, and they recently had to strike a rescue deal to stay afloat.

Last week, Arcadia reported a smaller loss of £169.2 million for 2018, which shows that some of the brands under the Arcadia umbrella are performing better than others.