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.
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Boohoo, whose co-founders are Mahmud Kamani (left) and Carol Kane, has acquired Debenhams in a £55m deal. Illustration: Guardian Design
The symbolism is stark: a venerable 243-year-old department store chain acquired by a 15-year-old online upstart. Debenhams will disappear from British high streets after its sale to Boohoo, swallowed by a company that thrives in the world of fast fashion and has become mired in controversy in the process.
Boohoo has drawn criticism for poor working conditions in its supply chain but continues to make strong sales growth as it feeds a voracious consumer appetite for affordable fashion that responds quickly to shifts in taste and style.
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AO World shares dropped after the online retailer â one of Londonâs star stocks through the pandemic â warned it was incurring âsignificantly higher costsâ as a result of surging demand.
AO reported its âstrongest ever peak trading periodâ as demand for electrical goods remained high in the final quarter of 2020.
The online white goods retailer reported year-on-year UK revenue growth of 67.2pc to £457.3m in the three months to the end of December.
But the FTSE 250 group warned costs associated with trading had jumped over the period, including hiring new warehouse staff and drivers. It added cancellations levels for individual customersâ long-term contracts had âslightly increasedâ.
Portland winter theater, film guide: Organizers adapt to bring arts into homes
Updated Jan 12, 2021;
The winter season traditionally offers a full plate of theater, dance and other arts events. But with COVID-19 restrictions still firmly in place, companies have had to pivot to offer theater and film audiences new avenues to enjoy performances.
While some organizations are still finalizing plans and methods of delivery, the theater groups below have already rehearsed and recorded performances to stream on various platforms. Also this winter, two well-known film festivals are ready to stream movies, or provide drive-in screenings.
Mark your calendars for these winter events:
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