Wallis news and archive

Boohoo’s rise from small-scale UK retailer to fashion giant

On Monday, online fashion retailer Boohoo acquired brands Burton, Dorothy Perkins, and Wallis from Arcadia Group Limited’s joint administrators for 25.2 million pounds. That came just weeks after the fast-fashion giant acquired Debenhams Retail Limited for 55 million pounds in cash. The two deals will see Boohoo take over the online operations...

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Boohoo acquires Arcadia brands Burton, Dorothy Perkins and Wallis

Online fashion retailer Boohoo has acquired all of the e-commerce and digital assets and associated intellectual property rights, including customer data, related business information and inventory of the Burton, Dorothy Perkins and Wallis brands from the joint administrators of Arcadia Group Limited for 25.2 million pounds. The deal does not...

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Boohoo could snap up Dorothy Perkins, Wallis and Burton

British fast-fashion group Boohoo has said it is in “exclusive discussions” with the administrators of collapsed retail empire Arcadia over the acquisition of the Dorothy Perkins, Wallis and Burton brands. But the company added that the discussions “may or may not result in agreement of a transaction. A further announcement will be made when...

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Arcadia avoids collapse as CVA gets green light

Arcadia Group will go ahead with its planned store closures and rental cuts after all seven of its proposed Company Voluntary Arrangements (CVAs) were approved by the required majority of creditors. The CVA will see Arcadia close 23 stores across the UK and Ireland. Lady Tina Green, the group’s majority shareholder and wife of Sir Philip Green,...

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Miss Selfridge London flagship to close amid Arcadia restructuring efforts

Sir Philip Green’s Arcadia is set to close its flagship Miss Selfridge store in Oxford Circus this July as Green pushes forward with the restructuring of his retail empire. The flagship site will be leased to another retailer and Miss Selfridge will move into a concession in the basement of Topshop next door. "Many of the Miss Selfridge staff at...

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Arcadia to close 23 stores in UK and Ireland, as well as all 11 US stores

Topshop owner Sir Philip Green is planning to close 23 of his retail empire's stores across the UK and Ireland, as well as all 11 of the Topshop and Topman stores in the US as part of a CVA proposal. Arcadia, which owns Topshop, Dorothy Perkins, Miss Selfridge, Wallis, Evans and Burton, is also asking for rent cuts at 194 of its 566 UK and Irish...