Landlords and other creditors will meet on Wednesday in London to vote on revised proposals to save Sir Philip Green’s Arcadia retail empire.
Arcadia’s brands include Topshop, Miss Selfridge, Burton, Dorothy Perkins, Evans and Wallis.
Last week, a vote on Sir Philip’s proposals was postponed after some landlords, including shopping centre owner Intu, refused to back it.
It is understood that Intu is planning to vote against the rescue plans.
Sir Philip has warned that Arcadia could fall into administration if the new proposals are not approved.
What is at stake?
In May, Arcadia announced that it was in serious trouble, facing “significant liquidity issues”.
It is struggling to pay fixed charges of £100m a year, with earnings in 2019 expected to be only £30m, down from £219m two years ago.