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.

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