Owner of UK’s Topshop facing collapse despite loan offer: BBC

British clothing retailer Arcadia, ravaged by coronavirus lockdowns and fierce online competition, remains on the brink of bankruptcy despite an emergency loan offer, the BBC reported Monday. The owner of high-street chains including Topshop, Topman, Dorothy Perkins, Burton, Miss Selfridge, Evans and Wallis, is set to enter administration “within hours”, the BBC reported citing senior company sources, in a move that would threaten some 13,000…