Arcadia Group to be sold tomorrow in final nail in coffin for collapsed fashion giant

Arcadia Group will be sold tomorrow marking the final nail in the coffin for the once dominant high-street fashion empire.

Buyers have been urged to “move quickly” to acquire the remaining assets of Arcadia Group, including the rights to its widely recognised brand name, trademarks and the arcadiagroup.co.uk domain name.

In the sale, which will end at 4pm on May 26, will also be the intellectual property and branding for Outfit.

Before Arcadia’s collapse late last year, Outfit was a big-box retailer which housed items from the groups host of brands, nearly all of which have now been sold off.

Hilco Valuation Services will be leading the sale at the request of Arcadia’s administrators Deloitte.

The majority of Arcadia’s popular brands have been purchased by online fashion giants Boohoo and Asos.

READ MORE: Boohoo relaunches Dorothy Perkins, Wallis and Burton websites

In February, the latter purchased Topshop, Topman, Miss Selfridge and activewear brand HIIT for £330 million, but refused to take on any of the 70 stores they operated from.

Similarly Boohoo acquired Burton, Dorothy Perkins and Wallis brands from administrators in a deal worth just £25.2 million.

At its peak Arcadia employed more than 19,000 people worldwide and operated more than 1100 stores across 34 countries.

“The Arcadia name is instantly and internationally recognisable,” managing director of Hilco Streambank Nat Baldwin said.

“Before it entered into Administration in November last year, it had been a retail and fashion empire of unprecedented size and scope.

“Its brands were household names across the UK and internationally and it is anticipated that the sale will generate a remarkable amount of interest from domestic and global enterprises.”

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1 Comment. Leave new

  • Ex Argos Employee
    May 26, 2021 10:04 am

    I know this seems harsh for the individuals concerned (I was one of them), but the reality is that if Sainsburys hadn’t bought Argos when they did then there was every possibility (more likely a probability) that Argos would have gone bust, or been taken over by a VC which both would have had a much bigger impact on the Argos employees. When takeovers impact personal terms it’s never great, but at least people still have jobs working for a credible employer.

    Reply

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