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Authentic Brands likely to takeover Debenhams & Arcadia Group

Authentic Brands to take over Debenhams and Arcadia Group

US retail firm Authentic Brands is reported to be in discussions with administrators at both Arcadia Group and Debenhams.

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Arcadia Group fell into administration on November 30, placing over 13,000 jobs at risk, with suppliers reportedly left in the dark on whether they would receive any money owed to them.

Joint administrators at Deloitte, Daniel Butters and Gavin Maher, were drafted to manage Arcadia Group, which owns Topshop, Burton, Dorothy Perkins and Evans among others.

 

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Arcadia Group’s fashion brands accounted for an estimated £75 million of Debenhams’ annual sales before the pandemic, according to The Sunday Times.

New York-based brand management company Authentic Brands counts up-market retailers Barneys and Juicy Couture in its group, and snapped up Forever 21 and Brooks Brothers already this year.

 

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