Sir Philip Green’s retail empire Arcadia, which includes Topshop, Burton and Dorothy Perkins, could face collapse within hours.
The company could enter administration as soon as Monday, putting 13,000 jobs at risk.
Senior sources at the company have told the BBC they do not expect a last-minute rescue deal.
The group had been seeking extra cash to help it plug the gap from lost sales during the pandemic.
Arcadia is a sprawling retail business that owns a chunk of…