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Arcadia landlords want more investment in return for backing rescue

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  • Arcadia landlords want more investment in return for backing rescue

    More than £100m sought from Sir Philip Green and for it to be cash rather than loans
    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.
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