Boohoo looking for larger London office following acquisition spree

Boohoo

Boohoo Group is reportedly looking to move its London offices to a larger space, following an acquisition spree that saw it buy Debenhams, Dorothy Perkins, Wallis and Burton.

According to Evening Standard, the retail group is seeking for between 60,000 square feet and 80,000 square feet of space, and has looked at the West End as an option.

The Manchester-based firm currently has a smaller amount of space in London at Euston Tower, approximately around 15,000 square feet.

Whilst Boohoo confirmed approximately 260 jobs from the brands acquired from Arcadia Group will be saved as part of its deal, it is unclear clear how many, if any, from Debenhams will be secured and transferred.

The Manchester-based online fashion group paid £25.2m in cash, funded from existing reserves, for the brands’ the e-commerce and digital assets and associated intellectual property rights, including customer data, related business information and inventory.

As expected, the deal did not include the brands’ 214 stores meaning some 2,500 jobs will be lost.

Boohoo did not respond for comment.