Oil price returns to pre-pandemic high amid hopes of US stimulus – business live | Business

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Boohoo buys Dorothy Perkins, Wallis and Burton brands




Members of the public walk past a store encompassing Top Shop, Top Man, Burton and Dorothy Perkins in London.

Members of the public walk past a store encompassing Top Shop, Top Man, Burton and Dorothy Perkins in London. Photograph: Dan Kitwood/Getty Images

Online fashion retailer Boohoo has bought Dorothy Perkins, Wallis and Burton for £25m, completing the break up of Sir Philip Green’s Arcadia Group.

The deal to buy the three remaining brands out of administration does not include any of their 214 UK stores, putting around 2,450 jobs at risk.

Boohoo said on Monday that it had agreed to buy “the e-commerce and digital assets and associated intellectual property rights, including customer data, related business information and inventory of the Burton, Dorothy Perkins and Wallis brands.” Only 260 head office roles – involved in design, buying, merchandising and digital operations – will be transferred to Boohoo under the deal.











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07:54

Oil prices hit $60 per barrel for first time since February 2020

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Hafta Ichi
Source: The Guardian
Keyword: Oil price returns to pre-pandemic high amid hopes of US stimulus – business live | Business

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