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 for approximately 6 years – this company has grown to become one of the leading pet and aquatic retail businesses in the area. It has a predominantly domestic customer base – the vast majority of its sales are to the domestic market.
LEASEHOLD
The company produces and supplies a wide range of coffee products created using ethically sourced beans from South America. The core products comprise wholebeans, grounds, single-origin roasts, blends, cold brews and compostable pods.
LEASEHOLD
The company offers an extensive range of luxury cars, including vehicles from prestigious manufacturers such as Aston Martin, Ferrari, Lamborghini and Rolls Royce. The business operates with a unique showroom-free approach, utilising a dedicated onli...
FREEHOLD
07
|
Feb
|
Administrators exploring accelerated sale of telecoms contractor | ADMINISTRATION
Administrators from RSM UK Restructuring Advisory LLP are se...
06
|
Feb
|
M&Co brand bought out of administration, but 170 stores still to close | ADMINISTRATION
Scottish clothes retailer, M&Co has been bought out of admin...
06
|
Feb
|
Australian firm announced as preferred bidder for collapsed UK battery start-up | ADMINISTRATION
Recharge Industries has been named as the preferred bidder f...
Sign up to receive our acquisition alert emails to get your FREE guide
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