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Jan 28 (Reuters) - Britain's online fashion retailer Boohoo
Group is in advanced talks to acquire clothing brands
Burton, Dorothy Perkins and Wallis from the administrator to
Philip Green's Arcadia Group, Sky News reported https://bit.ly/36i31ok
on Thursday.
The deal is not certain to be agreed but could be announced
as soon as next week if progress is made in the talks, the
report added, citing people close to the proposed transaction.
Boohoo has indicated to Deloitte that it will pay little
more than 25 million pounds ($34.35 million) for the three
clothing brands, the report said.
Boohoo declined to comment and Deloitte was not immediately
available for comment.
Boohoo announced earlier this week it has acquired the
243-year-old Debenhams brand and other business assets,
including all its in-house brands and websites, for 55 million
pounds.
Meanwhile, Asos Plc also announced that it was in
exclusive talks with the administrators of Philip Green's
Arcadia group over the acquisition of the Topshop, Topman, Miss
Selfridge and HIIT brands.
Debenhams and Philip Green's Arcadia - the stores of which
have been a fixture on Britain's shopping streets for decades -
both collapsed into administration last year, putting 25,000
jobs at risk.
($1 = 0.7277 pounds)
(Reporting by Sabahatjahan Contractor and Aishwarya Nair in
Bengalurul Editing by Cynthia Osterman)
