Jan 29, 2021

Boohoo looks to buy Dorothy Perkins and Wallis brands

Online fashion retailer Boohoo has said it is in exclusive talks to buy the the Dorothy Perkins and Wallis brands from failed High Street retailer Arcadia. Sir Philip Green's Arcadia group fell into administration in November last year casting doubt over the future of its brands and 13,000 jobs. Any deal would be for the brands, and not the High Street shops. Rival online fashion chain Asos is the frontrunner to buy Topshop, Topman, Miss Selfridge and HIIT brands. Earlier this week, Boohoo sealed a deal to buy the Debenhams brand and website for £55m. However, the price tag did not include any of the retailer's remaining 118 High Street stores or its workforce, resulting in up to 12,000 job losses.

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