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Parent. Boohoo. Website. www .wallis .co .uk. Wallis is an online British women's clothing brand. Previously a retailer, Wallis operated from 134 stores and 126 concessions across the UK and Republic of Ireland. Wallis was a subsidiary of the Arcadia Group before its collapse in late 2020. The brand is now owned by Boohoo.com.
Dec 1, 2020 · Debenhams is the second big retailer to topple in two days, after Arcadia Group, which owns brands including Topshop and Miss Selfridge, filed for bankruptcy protection on Monday. The two are also ...
Jul 22, 2021 · Due to the bankruptcy proceedings, all Topshop stores across the UK were closed down, which led to Arcadia facing the risk of collapse, putting over 13,000 jobs at risk. Moreover, on 1 February, 2021, online fashion retailer ASOS announced that it will acquire Topshop and all brands under Arcadia Group for £265 million.
Mar 21, 2024 · Boohoo Group acquired three more of Arcadia Group’s brands (Burton, Dorothy Perkins and Wallis) for £25.2 million. These now continue on as ecommerce stores only. The shops have remained closed, and most employees were unfortunately lost. For young shoppers, a big-draw destination has been removed from the high street, too.
Topman is a UK-based multinational men's fashion retail brand founded by Burton Group (later renamed Arcadia Group) in 1978. Along with its women's clothing counterpart Topshop and the rest of Arcadia Group, Topman went into administration in late 2020. All high street stores subsequently closed and the brand was purchased by ASOS on 1 February ...
Dec 2, 2020 · The consequences of Arcadia falling into administration go beyond the group itself, as this might compromise JD Sports’ saving of department store Debenhams, where Arcadia is a big presence. Mike Ashley’s Frasers Group, formerly known as Sports Direct, offered Arcadia a 50 million British pounds emergency loan, but that offer was turned down on Monday – READ all about it HERE
Jun 13, 2019 · April 2019: Reports emerge that Arcadia group has recorded a £300m deficit into its pension fund, while the Green family had cashed out £1.2 billion in dividends from Arcadia in 2005.
