Topshop owner Arcadia on brink of collapse

By Howard Mustoe
Business reporter

media captionMonaco, models and money who is retail mogul Sir Philip Green?

Sir Philip Green’s retail empire Arcadia, which includes Topshop, Burton and Dorothy Perkins, is understood to be on the brink of collapse.

Sir Philip had been in talks with potential lenders about borrowing 30m to help the business through Christmas.

However, these talks have failed and administrators could be appointed on Monday, putting 13,000 jobs at risk.

Arcadia said it was working on “contingency options”.

Is this because of the pandemic?

Arcadia admitted that the coronavirus had had “a material impact on trading across our businesses”.

“As a result, the Arcadia boards have been working on a number …