JD Sports in pole position to acquire Arcadia warehouse

JD Sports Arcadia Group Boohoo Asos deloitte sale
A deal for JD Sports is yet to be concluded
// JD Sports in exclusive talks to buy Arcadia Group’s distribution centre in Daventry
// JD Sports will likely acquire Arcadia’s remaining logistics asset for more than £60m
// Boohoo Group, Amazon and Ebay had recently expressed interest in buying the warehouse

JD Sports has announced it is currently in pole position to acquire Arcadia Group’s distribution centre in Daventry, Northamptonshire.

The warehouse has a rateable value of £3.08 million with current business rates liabilities of £1.6 million per annum.

JD Sports is poised to pick up a consolation prize by buying Arcadia’s remaining logistics asset for more than £60 million, after being among the unsuccessful bidders for Topshop and Topman – which were sold to Asos last month by Deloitte.


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Shortly after, Boohoo Group agreed to buy Arcadia’s remaining brands, Burton, Dorothy Perkins, and Wallis for £25.2 million.

Boohoo Group, Amazon and Ebay had all expressed an interest in buying the warehouse in recent weeks.

A deal for JD Sports is yet to be concluded.

The potential £60 million deal would trigger the repayment of a £50 million loan to Arcadia made by Sir Philip Green’s family last year, and secured against the Daventry site.

Arcadia’s only other remaining asset is the lease on its Topshop Oxford Circus flagship store, which is undergoing a sale process run by KPMG.

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8 COMMENTS

  1. How is it possible that a business goes into administration with so many job’s lost, yet the Green’s still profit from it when other creditors will get a limited return or nothing at all, the £50m loan payable to the Green’s should go back to the administrators, and pay the staff a proper redundancy package or help fill the pension black hole – the system is unfair, and this how the rich continue to profit even after a business collapse.

  2. They have leeds harehills and Daventry. Daventry is a state of the art automated system. Prior to there demise they were transferring all the work from Leeds to Daventry

    • Untrue…Daventry took the brands from Milton Keynes with MK taking the brands from Monkspath which closed a couple years ago. Daventry was running at capacity with no intention to take the Leeds brands.

      Leeds and MK are currently not being marketed but are owned by an Arcadia subsidiary.

    • Daventry is far from state of the art, automated thing! It’s a pick by foot, at level 3 (112 steps), and pulling pallets on palm trucks all across the warehouse! Collation made by hand in cardboard improvised system… lol!

  3. Green has shops and other bricks and mortar under a different company. Arcadia leased it off that company, hence when Arcadia collapsed. He held onto the property.

  4. It’s not fair that rescuers are bailing out Arcadia and not the Green family. They need to pay yet the Govt doing nothing. No Sir removed and Starmer said nothing about it strange for Labour.

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