Sir Philip Green’s Arcadia secures help from HSBC to keep suppliers onside

Topshop Arcadia
Topshop and Topman flagship, Oxford Circus

Sir Philip Green’s Arcadia has secured help from HSBC in an attempt to reassure suppliers as the retailer looks to get a rescue deal over the line.

HSBC has agreed to stand behind Arcadia’s debts to suppliers, which have asked for advance payments since credit insurers withdrew some support this year.

Read the full article on The Times.