Finance

Landlords face high street hit as Sir Philip Green’s Arcadia teeters on brink of collapse

By 2020-11-30T08:29:00

Topshop

Sir Philip Green’s Arcadia group could fall into administration as early as today in the biggest blow to the high street during the Covid-19 pandemic.

Plans for an emergency £50m loan from Mike Ashley’s Frasers group are understood to have fallen through, putting more than 500 stores and around 13,000 jobs in jeopardy.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue