Sale by Sir Phillip Green’s Arcadia does not include 214 UK stores, putting nearly 2,450 jobs at risk
The online fashion retailer Boohoo has bought Dorothy Perkins, Wallis and Burton for £25m, completing the breakup of Sir Philip Green’s Arcadia Group.
The deal to buy the three remaining fashion brands out of administration does not include any of their 214 UK stores, which will permanently close and put about 2,450 jobs at risk. Nor does it include the group’s Outfit chain, which sold products from all Arcadia brands from its 65 stores. These stores will permanently close, with the loss of hundreds more jobs.
