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Updated / Tuesday, 16 Mar 2021
12:57
Debenhams plan proposes the redevelopment of the former Debenhams store at Highcross in Leicester into more than 300 homes
Shopping centre operator Hammerson said today it has submitted plans to convert a former Debenhams store in the UK into new homes for rent.
This comes amid a steep fall in valuation of properties focused on the retail sector due to the Covid-19 crisis.
The plan submitted to the Leicester City Council proposes redevelopment of the former Debenhams store at Highcross, St Peter s Lane into more than 300 homes.
Hammerson is teaming up with build-to-rent operator and developer Packaged Living for the project.
Updated / Monday, 8 Feb 2021
07:57
Boohoo has bought the Dorothy Perkins, Wallis and Burton brands from the administrators of Arcadia
British online fashion retailer Boohoo has bought the Dorothy Perkins, Wallis and Burton brands from the administrators of Arcadia for £25.2m, completing the break-up of Philip Green s fallen empire.
Like rival ASOS s purchase last month of Arcadia s prized Topshop, Topman, Miss Selfridge and HIIT brands, Boohoo s deal does not include any stores.
Arcadia fell into administration in November owing creditors hundreds of millions of pounds and threatening more than 13,000 jobs.
Its collapse was the biggest corporate failure of the Covid-19 pandemic so far.
By James Davey
LONDON (Reuters) – British online fashion retailer Boohoo has entered exclusive talks with the administrators of Philip Green’s collapsed Arcadia group over the purchase of the Dorothy Perkins, Wallis and Burton brands, threatening thousands more high street jobs.
A deal for the three brands, which would not include its stores and staff, could complete the break-up of Green’s empire which fell into administration in November owing creditors hundreds of millions of pounds and putting more than 13,000 jobs at risk.
On Monday, Boohoo’s rival ASOS said it was in exclusive talks with Arcadia’s administrators Deloitte over the acquisition of the more prized Topshop, Topman, Miss Selfridge and HIIT brands.