Sir Philip Green has been spotted enjoying another day relaxing in Monaco just days after it emerged his TopShop empire was on the brink of collapse. It comes after sportswear tycoon Mike Ashley made an extraordinary £50 million loan offer to rescue the TopShop empire from collapse. One said: 'Sir Philip is not keen to jump into bed with a chancer like Mike Ashley.' Monaco resident Sir Philip and Mr Ashley – known as 'Masher' to his inner circle – are former friends, but tension between the two has grown as their high street rivalry intensified. 'You might as well serve Arcadia and all its companies up on a plate to Mike Ashley,' an insolvency expert said.

Source: Daily Mail November 29, 2020 18:57 UTC