Boohoo closes in on £25m deal for trio of Arcadia brands

Dorothy Perkins shop-in-shop at Tesco Extra

Boohoo is closing in on a deal for three of Arcadia’s high street brands as the fashion etailer presses ahead with its ambitious acquisition spree.

The online giant said this morning that it has entered into exclusive talks with Arcadia’s administrators Deloitte over the purchases of Burton, Dorothy Perkins and Wallis. 

Boohoo cautioned, however, that the discussions “may or may not result in agreement of a transaction”.

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