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.
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