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  • Philip Green's struggling British fashion group Arcadia turned down rival Fraser's groups offer of a lifeline loan.

  • On Monday, Mike Ashley's phrases group reportedly offered up to £50 million or $67 million.

  • Arcadia owns brands including Top shop Top Man and Dorothy Perkins.

  • It has over 500 stores and employees over 13,000 people, but sales have been hammered by the covert 19 pandemic.

  • Sky News reported on Friday that Arcadia could go into administration this week, making it the biggest British retail casualty of the pandemic so far.

  • Fraser's groups said they were not given any reasons for the loan rejection.

  • Arcadia declined to comment.

Philip Green's struggling British fashion group Arcadia turned down rival Fraser's groups offer of a lifeline loan.

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UK's Arcadia rejects 'lifeline' loan offer

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    林宜悉 posted on 2020/12/02
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