// Arcadia Group’s distribution centre in Rugby, Warwickshire due to make hundreds of redundancies
// The news comes after Asos’ acquisition of Topshop, Topman, Miss Selfridge, and athleisure brand HIIT
// Arcadia administrators Deloitte said the transaction excludes the Rugby distribution centre
Arcadia Group’s distribution centre in Rugby, Warwickshire is reportedly set to make hundreds of redundancies following Asos’ acquisition of Topshop, Topman, Miss Selfridge, and athleisure brand HIIT.
The warehouse is one of the three distribution centres that Arcadia has in the UK, and the number of job cuts remain unknown, Drapers reported.
On Monday, online retailer Asos bought the four Arcadia Group brands for £265 million, in a deal that does not include the brands’ stores and places 2500 jobs at risk.
READ MORE:
- Asos acquires Topshop, Topman & Miss Selfridge in £330m deal
- Asos mulls keeping Topshop’s Oxford Street flagship after Arcadia deal
Arcadia administrators Deloitte said the transaction also excludes the Rugby distribution centre.
Administrators for Sir Philip Green’s retail empire said Asos paid an additional £65 million for current and pre-ordered stock, bringing the grand total of the deal to £330 million.
The deal will see 300 employees transfer to Asos but the future of 2500 Arcadia employees remains at risk since the network of 70 Topshop and Miss Selfridge stores is not included in the deal.
Asos paid for the brands’ goodwill and stock on hand, and it will also take on certain liabilities for forward committed stock orders.
Arcadia Group has three warehouse facilities in the UK in Rugby, Daventry, and Milton Keynes, employing 1500 people in total.
It has further distribution hubs in Singapore and the US.
The Rugby warehouse is expected to remain open for a short while to handle customer returns.
Retail Gazette has approached Deloitte for comment.
Click here to sign up to Retail Gazette‘s free daily email newsletter
