Finance

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

By 2020-11-30T08:29:00

Topshop

Source: Shutterstock/ Jason Batterham

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.

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