Arcadia landlords want more investment in return for backing rescue

Topshop Arcadia
Topshop and Topman flagship, Oxford Circus

Sir Philip Green’s landlords are seeking a significant increase in investment from the Arcadia owner in return for backing a rescue of his struggling fashion empire.

As first revealed by the Guardian last month, Green has offered to invest £100m of new funds in the business to entice landlords into backing a rescue package that includes the closure of about 50 of Arcadia’s 570 stores and rent cuts on many more.

Read the full article on The Guardian.