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Jobs blow for Weymouth as Dorothy Perkins and Burton Menswear to close

BUSINESS bosses in Weymouth have spoken of their disappointment at further job losses in the town following news that Dorothy Perkins and Buron Menswear branches are to close - despite the chains being bought out from administration by online fashion giant Boohoo.
As reported, Arcadia brands Dorothy Perkins, Burton and Wallis have all been purchased as part of the £25.2million deal.
The deal is for the inventory, e-commerce and digital assets of the businesses, which were owned by Sir Philip Green’s Arcadia retail empire when it entered administration in December.
However it does not include the brands’ 214 remaining shops, which will close, according to administrators from Deloitte. ....

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Blow for Weymouth as Dorothy Perkins, Burton and Wallis stores close

Weymouth town centre has been dealt another blow as all Dorothy Perkins branches are set to close following a buyout by online fashion retailer… ....

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Arcadia's Evans unit sold for £23m to Australian firm City Chic

Fashion firm Evans has become the first Arcadia brand to be sold off since Philip Green s retail empire collapsed into administration at the end of November.
The plus-size clothing brand has been sold to Australian company City Chic for £23million, but the deal does not include its stores and franchise business.
Evans five standalone stores will continue to trade for the time being, administrators said, although eventually they will close down. City Chic said they are entitled to trade until the end of March 2021 in order to liquidate existing stock.
Sold: Plus-size clothing brand Evans has been sold for £23m to Australian company City Chic ....

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Evans buyer 'a good fit' for the business

The ecommerce and wholesale arms of Arcadia’s plus size womenswear retailer were sold for £23m to Australian retailer City Chic Collective. The deal does not include Evans five stores and up to 100 concessions, which will continue to trade for the time being, but closures and redundancies are likely.
City Chic Collective, is listed on the Australian stock exchange and specialises in plus size womenswear brands. Its labels include Avenue, and footwear brand Cloudwalker, which are both available in the US via the Avenue website. It also owns Hips and Curves, which it acquired in 2019 and is currently stocked on Asos. City Chic is sold in New Zealand, Australian, America and across Europe on Zalando and Amazon. City Chic Collective has over 640 employees and had annual sales of $194.5m (AUD) (£108m), according it its 2020 annual report. ....

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Business News - December 2020 - Jersey, Guernsey, Offshore Isles

Business News - December 2020 - Jersey, Guernsey, Offshore Isles
blglobal.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blglobal.co.uk Daily Mail and Mail on Sunday newspapers.

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