Breakup of Sir Philip Green’s collapsed fashion empire likely to end in heavy job losses among 13,000 staff
The online group Boohoo has entered exclusive talks to buy the final three Arcadia brands, as the breakup of Sir Philip Green’s collapsed fashion empire looks set to end in devastating job losses among its 13,000-strong workforce.
Manchester-based Boohoo confirmed it was in talks to buy Dorothy Perkins, Wallis and Burton from Arcadia’s administrators. It was the second deal announcement in a week for the fast-growing company after it snapped up the Debenhams brand on Monday.
