LONDON Boohoo has bought the last batch of Arcadias high-street brands Dorothy Perkins, Wallis and Burton in a deal that marks the end of an era for Sir Philip Greens once-mighty, and now bankrupt, British retail group.
Boohoo, which had been in exclusive talks to buy the three names from Arcadia, is paying 25.2 million pounds in cash for the e-commerce and digital assets, intellectual property rights, customer data, and inventory of the three brands.
The purchase comes a week after Asos bought Topshop, Miss Selfridge and other brands from Arcadia Group, which declared bankruptcy last November, for 330 million pounds.
The Boohoo transaction excludes the store network which comprised 214 physical sites. Those stores will shut, accordi…
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