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Burton stores have endured a turbulent and uncertain 12-months as a result of the coronavirus pandemic. The clothing store s future was further plunged into doubt in December when its parent company, the Arcadia Group, entered administration. Online fashion company Boohoo subsequently purchased the Burton brand, along with Dorothy Perkins and Wallis, as part of a £25.2million deal. The agreement, however, did not include the acquisition of physical shops, so more than 2,400 employees lost their jobs. Prior to its collapse, the Arcadia Group was owned by millionaire Sir Phillip Green, who has proved a divisive figure since selling BHS for £1 before it went bust. ....
RETAIL workers left jobless after a men s fashion shop closed down have taken a parting swipe at a controversial business tycoon. Burton, in Station Road, Clacton, has endured a turbulent and uncertain 12-months as a result of the coronavirus pandemic. The clothing store s future was further plunged into doubt in December when its parent company, the Arcadia Group, entered administration. Online fashion company Boohoo subsequently purchased the Burton brand, along with Dorothy Perkins and Wallis, as part of a £25.2million deal. The agreement, however, did not include the acquisition of physical shops, so more than 2,400 employees, including those working in Clacton, lost their jobs. ....
Former Burton employees take parting swipe at Sir Phillip Green basildonstandard.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from basildonstandard.co.uk Daily Mail and Mail on Sunday newspapers.