Boohoo buys Dorothy Perkins, Wallis and Burton
Author: Wardah Sempa | Monday 8th February 2021
Online fashion retailer Boohoo has reportedly bought the Dorothy Perkins, Wallis and Burton brands from retail group Arcadia for £25.2m. The deal includes the brands and online businesses, but not the 214 shops nor 2,450 workers employed in them.
It completes the sell-off of Sir Philip Green's Arcadia group which fell into administration last year. Last week, ASOS bought Arcadia's other leading brands, Topshop, Topman, Miss Selfridge and HIIT. The Arcadia businesses employed 13,000, a fraction of which will carry on into employment with the new owners.
Administrators Deloitte, which has been conducting the sales, said around 2,450 staff would lose their jobs as a result of the Dorothy Perkins, Wallis and Burton sale, and the stores would permanently close.