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.
Arcadia's administrators, Deloitte, sold the Evans brand to Australia's City Chic for £23m in December.
Boohoo said today that the purchase of the three brands was a significant opportunity to grow its market share across a broader demographic.
Last month Boohoo bought the Debenhams brand out of administration for £55m.
That deal also excluded Debenhams' stores and its 12,000 staff. All Debenhams' UK stores will permanently close this year.
Deloitte confirmed that around 2,450 staff will lose their jobs at the Arcadia brands' remaining 214 stores in the UK, which will permanently close.
It said that staff have been emailed this morning and will be informed over the course of the day.
About 260 jobs will be moving with the brands to Boohoo, mainly head office functions such as brand design, buying and merchandising, and the digital part of the business.
Some other staff will also go through a transition period for a few months.
It means that all of Arcadia's brands have been sold out of administration.
The company's administrators still have some property to sell from the business. They have raised £500m to pay off creditors so far.
The Irish operation of the Arcadia Group - whose brands included Topman, Dorothy Perkins, Burton, Miss Selfridge, Evans and Wallis - went into liquidation in November, after its UK parent group went into administration.
The collapse was blamed on both the pandemic and a progressive shift towards online retail.
