Placeholder Image

Subtitles section Play video

  • big moves by online fashion players are revealing their upper hand over traditional bricks and mortar clothing retailers.

  • British online retailers Boo Hoo and a sauce made major expansion moves on Monday, with the former buying the Debenhams brand.

  • While a sauce is in talks to buy key brands of Philip Greens collapsed Arcadia Group.

  • The online trend has been accelerated by the pandemic.

  • Boo Hoo said it had acquired all of the intellectual property assets, including customer data on selected contracts of Debenhams from its administrators for $75.4 million.

  • But it will not take on 243 year old Debenhams stores or its staff shares in Boo, who were up around 4% in morning trade.

  • Debenhams administrators said last month it was starting a liquidation process, putting 12,000 jobs at risk.

  • Meanwhile, a source said it was in exclusive talks with the administrators of Greens collapsed Arcadia Group.

  • It's keen to acquire brands from the group, including top shop Top Man and Miss Selfridge.

big moves by online fashion players are revealing their upper hand over traditional bricks and mortar clothing retailers.

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it