Finance

Boohoo buys remaining Arcadia brands, but 214 stores to close with the loss of 2,450 jobs

By 2021-02-08T08:40:00

Boohoo

Source: Shutterstock/II.studio

Online fashion retailer Boohoo has bought Dorothy Perkins, Wallis and Burton for £25.2m.

The deal is for the inventory, e-commerce and digital assets of the businesses, which were owned by Sir Philip Green’s Arcadia retail empire when it entered administration in December.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue