Sir Philip Green lounges on his superyacht off Monaco this week as his high street fashion empire Arcadia hit the rocks… now, it’s revealed he is already ditching his billionaire baubles but is he sunk for good?

Soaking up the sun on his £100 million superyacht under a fur-lined blanket, Sir Philip Green appears not to have a care in the world. This picture was taken off Monaco this week, before yesterday’s revelation that his retail empire was teetering on the brink of collapse, putting 13,000 jobs at risk. The 68-year-old tycoon’s Arcadia Group, which owns Topshop, Burton, Dorothy Perkins and other brands, is in crisis talks and could appoint administrators as soon as Monday if no rescue is agreed. Sir Philip Green, pictured on his £100m superyacht earlier this week is facing the prospect this weekend of seeing his Arcadia Group collapse into administration on Monday putting 13,000 jobs at risk Sir Philip, pictured, has refused to comment on claims that talks with lenders had collapsed with a spokesman suggesting ‘a number of options’ were still being worked on Yesterday a spokesman insisted ‘a number of options’ were still being worked on but refused to comment on claims that talks with lenders had collapsed. The turmoil marks a new low point for Green, the swashbuckling businessman once dubbed ‘King of the High Street’ now fighting to save his business. It could be the biggest retail collapse… Read full this story

Sir Philip Green lounges on his superyacht off Monaco this week as his high street fashion empire Arcadia hit the rocks... now, it's revealed he is already ditching his billionaire baubles but is he sunk for good? have 283 words, post on www.dailymail.co.uk at November 27, 2020. This is cached page on Europe Breaking News. If you want remove this page, please contact us.