Boohoo Acquires London Office
Boohoo acquires new London office in a £72million deal.
17:31 14 April 2021
Boohoo has spent £72million to acquire a new London office in the West End. The acquisition follows the firm's announcement that it had exchanged contracts for a long-term lease on a new warehouse in Daventry that became available on the collapse of Sir Philip Green's Arcadia Group.
Commenting on the new London office, Boohoo said: “Since acquiring the Karen Millen and Coast brands in 2019, the Group’s presence in London has grown significantly through organic means and more recently through the acquisitions of the Oasis, Warehouse, Debenhams, Dorothy Perkins, Burton and Wallis brands,”
“The new office is intended to become home for all London-based product, marketing, technology and central support teams, offering flexible working for approximately 600 of our colleagues.”