Boohoo has finalised the purchase of Arcadia’s Wallis, Burton and Dorothy Perkins brands out of administration.
The fashion etailer has agreed to acquire the digital assets and intellectual property rights of all three brands for a cash sum of £25.2m.
Boohoo will not take on any of the brand’s physical assets, affecting 214 stores, but has purchased around £7.5m of forward-committed stock orders.
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