The clock is ticking on an extraordinary opportunity which is causing a major stir in the international fashion and retail sector – the chance to acquire the brand of the Arcadia fashion empire, perhaps one of the most fascinating retail stories of this century.
However, the global players who are likely to be front-runners for the acquisition will have to move quickly – the deadline for offers for a tantalising range of intellectual property assets is May 26, 2021 at 4pm BST.
Arcadia Group Limited was owned by Tina Green, wife of entrepreneur and group chairman Sir Philip Green, and at its height had more than 2,500 UK outlets as well as department store concessions and a significant portfolio of franchises operating internationally.
Also on the block will be the intellectual property and branding of Outfit, a huge UK retailer owned by a subsidiary of Arcadia which became the ultimate out-of-town, one-stop shopping destination.
The offerings are the latest in a series of asset sales relating to Arcadia by Hilco Valuation Services, the European arm of Hilco Global, the world’s premier authority on asset valuation, monetisation and advisory solutions.
The sales have been instructed by Matthew David Smith, Daniel Francis Butters and Robert Scott Fishman, all of Deloitte LLP, Joint Administrators of Arcadia Group Limited, who have asked Hilco to generate an international marketing campaign to find appropriate buyers.
Nat Baldwin, Managing Director of Hilco Streambank, who is co-ordinating the campaign, said: “The Arcadia name is instantly and internationally recognisable. Before it entered into Administration in November last year, it had been a retail and fashion empire of unprecedented size and scope.
“Its brands were household names across the UK and internationally and it is anticipated that the sale will generate a remarkable amount of interest from domestic and global enterprises.”
The Arcadia Group was best known for being the parent company of brands such as Outfit, Burton, British Home Stores (BHS), Debenhams, Dorothy Perkins, Evans, Miss Selfridge, Topman, Topshop, Wallis and Warehouse.
It employed more than 19,000 people worldwide prior to Administration, and its presence was felt across the world, with more than 1,100 stores traded under sub-brands in 34 countries outside the UK. It also shipped to 107 countries through the Arcadia Group’s former brands’ transactional websites.
Outfit specialised in bringing the biggest High Street fashion brands, including those in the Arcadia portfolio, under one roof as a leading consumer-focused retail destination experience. The assets of both opportunities include brand, trademarks and domain names.
At the same time, Hilco Valuation Services is offering for sale on Tuesday 25 and Wednesday 26 May, via a 2 Day Online Auction, the London HQ IT assets and distribution centre equipment previously used by the Arcadia Group – all located in Milton Keynes.