Mike Ashley firm draws up €55m loan plan for Arcadia Group – report

Frasers Group chief Mike Ashley (Kirsty O’Connor/PA)

Plans for an emergency multimillion-pound loan to Philip Green’s struggling Arcadia Group have reportedly been drawn up by Mike Ashley’s Frasers Group.

It comes just a day after Mr Green’s retail empire was revealed to be on the brink of collapse with around 15,000 jobs at risk.