Topshop owner Arcadia in talks to secure £30m loan

Philip Green 3

The Arcadia group led by Sir Philip Green is understood to be urgently seeking fresh funding after the second national lockdown in England put paid to its recovery plans.

The fashion group, which operates retailers including Topshop, Dorothy Perkins and Burton, is understood to have approached a number of potential lenders to secure a £30m loan to tide the business over after this month’s lockdown hammered its Christmas trading ambitions.

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