Boohoo buys Dorothy Perkins, Wallis and Burton e-commerce for £25.2 million, stores to close, jobs lost

Boohoo buys Dorothy Perkins, Wallis and Burton e-commerce for £25.2 million, stores to close, jobs lost

Boohoo buys Dorothy Perkins, Wallis and Burton for £25.2 million, stores to close, jobs lost

Online retail giant Boohoo has bought Arcadia brands Dorothy Perkins, Wallis and Burton out of administration in a £25.2m deal.

The company has bought the brands’ e-commerce and digital assets and associated intellectual property rights.

The deal does not include the retailers’ physical stores and the brands will become online-only.

All 214 Dorothy Perkins, Wallis and Burton stores will now permanently close, resulting in thousands of high street job losses.

In total, 260 employees from the design, buying, merchandising and digital teams will transfer to Boohoo.

……………………

FOLLOW US ON SOCIAL MEDIA AND SHARE WTX NEWS WITH YOUR FRIENDS AND FAMILY:

FacebookPlease like our page

Twitter Twitter updates available in English and Arabic. Please follow us and we would love to hear from you

Instagram – Follow our pages in English and Arabic

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.