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.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.