Sat. Jul 24th, 2021

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    Boohoo, founded in 2006, announced that it purchased the Arcadia Group’s brands Dorothy Perkins, Wallis and Burton after the British retail chain Debenhams, which went bankrupt for 232 years. It is stated that it does not include 214 stores belonging to these brands.

    British online ready-to-wear retail company Asos recently announced that it purchased TopShop, Topman, Miss Selfridge, HIIT brands affiliated with Arcadia Group for 295 million. announced.


    In the statement made by Deloitte, who carried out the sales process, it was decided to close the stores affiliated to the brands and a total of 2 thousand 450 employees It has been reported that he will be fired.

    In England, the closure of retail stores where products are not considered essential for protection from the epidemic, restaurants, cafes and entertainment venues being closed for a long time and Rents with difficulty in payment are driving retailers to bankruptcy.

    British Retail Research Center (CRR) said on January 4, that the retail industry in the country experienced the worst period of the last 25 years, and 176 working in the retail sector in 2020 during the epidemic. It was reported that a thousand people lost their jobs.

    Peacocks and Jaeger, Edinburgh Woolen Mill (EWM Group), DW Sports, Oliver Sweeney Trading, Bensons for Beds, TM Lewin, Lee Longlands, Monsoon, Victoria’s Secret leading retail chains such as its branch, Oasis and Warehouse Group, Debenhams, Cath Kidston and Laura Ashley had announced their bankruptcy during the epidemic.

    Finally, one of the largest apparel chains in the country, including Top Shop, Burton, Dorothy Perkins. Arcadia Group, which hosts many famous brands, announced that it went bankrupt in November.