It’s being reported today that a major retail empire in Britain is facing collapse within days, threatening the future of 15,000 jobs and bringing the curtain down on a number of high street outlets.
Sky News is reporting that Sir Philip Green’s Arcadia Group - which owns TopShop, Burton and Dorothy Perkins - is preparing to appoint administrators from Deloitte as soon as next week.
It’s understood talks with a number of lenders about an emergency £30m loan, ended without success.
