Online fashion retailer Boohoo has today confirmed that it was in exclusive talks with the administrators of Philip Green's collapsed Arcadia group over the purchase of the Dorothy Perkins, Wallis and Burton brands.
Boohoo, which on Monday bought the Debenhams brand out of administration for £55m, said there was no guarantee the talks would result in a deal.
Sky News reported on Thursday that Boohoo would pay about £25m for the brands.
While the internet has been reshaping the retail landscape and the clothing sector for more than a decade, multiple lockdowns to stem the spread of Covid-19 have accelerated the move to home shopping.
Arcadia collapsed into administration in November, putting more than 13,000 jobs at risk.
On Monday Boohoo rival ASOS said it was in exclusive talks with Arcadia's administrators over the acquisition of the Topshop, Topman, Miss Selfridge and HIIT brands.
The Boohoo deal to buy the Debenhams brand excludes its stores and 12,000 staff. All its stores will permanently close this year.
Arcadia's administrators sold its Evans brand to Australia's City Chic for £23m last month.
Meanwhile, the Mandate union said yesterday that 490 retail workers formerly employed in the Arcadia Group's Irish outlets, including Topshop, are to be made permanently redundant.
The Irish operation of the Arcadia Group - whose other brands include Topman, Dorothy Perkins, Burton, Miss Selfridge, Evans and Wallis - went into liquidation in November, after its UK parent group went into administration.