Mon, 22 Mar 2021 | BUSINESS SALE
Property from the head office of retail group Arcadia has been put up for sale, as the former empire's assets continue to be moved on following its collapse.
Assets in the auction, held by Hilco Valuation Services, will include furniture, IT and photographic equipment, fabric cuttings and sewing machinery that has been housed in former Arcadia Group head office Colegrave House's executive suite.
Commenting on the sale, Hilco Global managing director Kevin Smyth said: "The portfolio of Arcadia assets being offered is typically ‘best in class’ with the Executive Suite being an example of this comprising the highest quality for furniture of this type."
Mr Smyth added that this initial sale "will be followed by further sales of assets by Hilco in due course, which could include distribution centres and equipment at other locations".
According to the valuation firm, they expect the auction to draw interest from a number of parties including growing IT companies and other office-based firms.
There will also be a separate private treaty sale held for the contents of the main executive suite and the commercial level kitchen facilities.
Arcadia Group was the parent company of high street brands including Burton, British Home Stores, Dorothy Perkins, Debenhams and Miss Selfridge. The group, which also owned Topshop and Topman, collapsed in November 2020 with debts of £750 million after calling in administrators from Deloitte LLP.
Several former Arcadia brands have since been acquired. ASOS acquired the stock and brands of Topshop, Topman, Miss Selfridge and HIIT for £295 million in February 2021, while Boohoo acquired the Dorothy Perkins, Wallis and Burton brands for £25 million in the same month.
Find businesses for sale here.
If you are looking for an exit, we can help!
Established vehicle display is located in a Berkshire prominent main toad. The business boats an excellent reputation and customer base.
LEASEHOLD
Instruction for the entire share sale of a fully mobile coach hire business, managed from the proprietor's abode. The commerce is currently located in Wellingborough.
RELOCATABLE
A tool and plant hire, repair and sales business is offered for purchase, the trade is well situated with a new negotiable lease.
LEASEHOLD
19
|
Apr
|
Building services consultancy moves to employee ownership | MBO/MBI
A building services consultancy in the North East has moved ...
19
|
Apr
|
US firm acquires Somerset employee management provider | BUSINESS SALE
An employee management services firm based in Somerset has b...
18
|
Apr
|
Education specialist makes second LDC-backed acquisition | BUSINESS SALE
Hybrid, an education media and marketing services firm, has ...
15
|
Dec
|
Arcadia supplier Lloyd Shoe Company files for administration | ADMINISTRATION
East London-based Lloyd Shoe Company, an Arcadia Group suppl...
26
|
Jan
|
BHS considering takeover offers | BUSINESS SALE
Sir Philip Green is considering offers to takeover strugglin...
05
|
Jan
|
Search still on for buyer for Barratts Priceless | ADMINISTRATION
The administrators for Barratts Priceless are still searchin...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.