Boohoo seeks bigger London office after Debenhams & Arcadia buying spree

  • Manchester-based Boohoo seeks larger London offices following takeover of Debenhams and three Arcadia brands
  • Options include a satellite HQ of between 60000sq ft and 80000sq ft, and possibly in the West End
  • Boohoo Group currently occupies around 15000sq ft of space in Euston Tower, central London

By guest author Elias Jahshan from Retail Gazette

Boohoo Group is reportedly looking to expand its office presence in London in the wake of an acquisition spree that saw it add Debenhams and three labels from Arcadia Group to its stable.

The online retail giant, which is based in Manchester, currently occupies around 15,000sq ft of space in Euston Tower in central London, but the Evening Standard reported that it was now looking to upsize.

Options include a satellite headquarter of between 60000sq ft and 80000sq ft, and possibly in the West End.

Boohoo has not yet provided a comment.

The news comes after the online retailer bought the brand and online businesses of collapsed department store chain Debenhams, and high street chains Dorothy Perkins, Wallis and Burton.

These brands are historically based in London.

While Boohoo said around 260 jobs from the former Arcadia Group brands will be saved as they move to new ownership as part of its deal, it is not clear how many from Debenhams’ officers will be transferred over.

The Evening Standard reported that the roles in question being transferred to Boohoo include “some from the buying, design and digital teams”.

Despite these jobs being saved, it’s estimated that more than 12000 jobs will be lost from the takeover deal, as the physical store estate for Debenhams, Dorothy Perkins, Burton and Wallis were not included.

Boohoo has also previously bought a number of other well-known high street brands out of administration, turning them into online-only operations, including Oasis, Warehouse, Coast and Karen Millen.

www.boohooplc.com

www.retailgazette.com