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Topshop owner Arcadia on brink of collapse

arcadia-group-limited-offices-berners-street-london-C2E6GR.jpg?profile=RESIZE_400xSir 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.

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BBC News

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