Boohoo takes the latest fashion victims from the high street | business

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Two high-profile high street victims were snapped up by Boohoo, an online fashion retailer, which made little of the 45% decline in coronavirus jumping in sales in the first quarter.

Boohoo added Oasis and Warehouse and its brands two months after retailers were sold from the Hilco administration, restructuring the outfit.

He is paying £ 5.25 million for the two chains, which made £ 46.8 million in online sales last year, but will not take on any of their stores or the nearly 2,000 shopworkers. laid off when it collapsed in April.

Shares in Boohoo rose 25¾p, or 6.6%, to 415p yesterday, the online retailer’s assessment at £ 5.2 billion – nearly the equivalent of the combined market capitalization of Marks & Spencer

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