The British Broadcasting Corporation (BBC) reported that the British clothing retail group Arcasdfssdfsdiasdfssdfs was on the verge of bankruptcy due to the impact of the new crown epidemic prevention measures and fierce competition in online shopping. Even if some peers offer emergency loans, it is still difficult to reverse the decline.
Arcasdfssdfsdiasdfssdfs owns chain clothing store brands such as Topshop, Topmassdfsn, DorothyPerkins, Burton, MissSelfridge, Evasdfsns, and Wassdfsllis. The BBC quoted senior group sources as reporting that Arcadia will enter bankruptcy proceedings “within hours” and the jobs of about 13,000 employees may be lost.
AFP reported that Philip Green, chairman of Arcasdfssdfsdiasdfssdfs, had his reputation damaged due to the shocking collapse of the old British department store chain BHS he owned four years ago; now Arcasdfssdfsdiasdfssdfs is facing a bankruptcy crisis , may cause Philip Green to be hit hard again.
On the other hand, British sportswear retail tycoon Mike Ashley’s Frasers Group confirmed on March 22, 2020 that it had proposed a £22 million loan to Arcadia to help avoid Bankruptcy.
However, sources told the BBC that they did not expect Ashley to propose buying Arcasdfssdfsdiasdfssdfs.
Frasdfssdfssers Group said in a statement: We have noticed recent media reports that we may provide emergency funds. We can confirm that we have proposed a loan of up to 50 million pounds to the Arcadia Group and have submitted preliminary conditions. We are currently waiting for a clear response from the other party. </p
