JD Sports, the British sportswear retailer, which had earlier this month acquired sportswear brand DTRL, is now eyeing Arcadia Group’s Daventry warehouse.
The sportswear retailer was one of the losing bidders for Group’s Topshop and Topman brands.
If media reports are anything to go buy, then JD Sports is all set to acquire Arcadia Group’s remaining logistics assets for over £60 million.
Reportedly, the retailer is in exclusive talks to make the deal happen, and may even edge out other bidders that also include Boohoo Group and Amazon.
The deal is yet to happen, but if at all it happens, then that would trigger repayment of £50 million loan to Arcadia Group made last year by Sir Philip’s family and secured against Daventry warehouse.
There’s been no official confirmation from JD Sports on the expected deal.
Earlier this month, British online retailer Boohoo had acquired Arcadia’s Burton and Wallis as well as Dorothy Perkins, while Asos had bought Topshop and other brands – yet again bringing out the dominance of fashion e-tailers lately.
Also Read: Boohoo snaps up remaining Arcadia brands