Boohoo in talks to buy Burton, Dorothy Perkins and Wallis
Manchester's thriving online retailer Boohoo is aiming to continue its high street takeover by acquiring the remains of the Arcadia brand - including Burton, Dorothy Perkins and Wallis.
Manchester’s thriving online retailer Boohoo is aiming to continue its high street takeover by acquiring remains of Arcadia – including Burton, Dorothy Perkins and Wallis.
Boohoo made big headlines earlier this week after finalising a £55 million deal to acquire Debenhams – buying the brand name, intellectual property and customer lists of the department store chain (with 124 physical stores set to close down permanently).
On Friday (January 29), Boohoo confirmed it was in ‘exclusive discussions’ to purchase the leftover parts of the Arcadia empire owned by Sir Phillip Green.
Boohoo stated on Friday: “The group confirms that it is in exclusive discussions with the administrators of Arcadia over the acquisition of the Dorothy Perkins, Wallis and Burton (excluding HIIT) brands.
“These discussions may or may not result in agreement of a transaction.
ADVERTISEMENT
“A further announcement will be made when appropriate.”
Arcadia – which owned 440 stores across the UK – officially entered administration in November.
ADVERTISEMENT
Boohoo was touted as a potential buyer shortly after Green’s multinational declared that it could not longer “ride out the pandemic”.
Fellow online retailer ASOS is already in discussions to take other parts of Arcadia – including the TopShop brand.
The trend of digital retailers swooping in to take brand names but leaving the physical stores has led to growing concern about the future of the British high street. But some economists have suggested that there is still a place for brick and mortar sites in national shopping.
ADVERTISEMENT
Richard Hyman, Professor at London School of Economics, told PA: “When [the high street] is allowed to wake up properly, I think you will see a huge amount of the population go out shopping because it is something people miss.”
Ex-Manchester United footballer and Salford City FC owner Gary Neville has also launched a campaign alongside Greater Manchester leaders to drive footfall back to the city centre called ‘United City‘.
Business
Manchester United reveal first images of ambitious plans for brand-new stadium
Danny Jones
After much talk of whether Old Trafford would be redeveloped or an entirely new stadium would take its place, Manchester United have confirmed their plans to build a brand-new home ground and revealed the first new images.
Put simply, it looks incredible.
Not only will a 100,000 capacity see it overtake Wembley (90k) as the biggest arena in the UK but co-owner Sir Jim Ratcliffe and the INEOS Sports group now spearheading the rebuild of the club aim for it to become “the world’s greatest football stadium”.
Unveiling the first official images along with a CGI concept video as somewhat of a teaser trailer for the new stadium, the ‘centrepiece of the Old Trafford Regeneration’ project, Stretford and beyond are set to look very different.
The first thing to note is the striking shape of the new stadium complex; while many fans were worried designs would resemble another shiny metallic bowl shape like many other new stadiums across Europe and the globe, chief architects Foster + Partners have gone for a much different visage.
Lord Norman Foster, the company’s executive chairman, said as part of the full announcement: “This has to be one of the most exciting projects in the world today. It all starts with the fans’ experience, bringing them closer than ever to the pitch and acoustically cultivating a huge roar.
“The stadium is contained by a vast umbrella, harvesting energy and rainwater, and sheltering a new public plaza that is twice the size of Trafalgar Square.”
Revolving around three tall spires – a trinity, if you will – the new Man United home campus will be covered by the large netting-esque feature which wraps around the main stadium structure itself.
Credit: Foster + Partners“Our current stadium has served us brilliantly for the past 115 years, but it has fallen behind the best arenas in world sport”, says Ratcliffe.
Set to cost in the region of £2 billion, it is believed the huge undertaking could be completed within the space of five years.
With support from the government as part of the official Old Trafford Regeneration Task Force, which Mayor Andy Burnham, the likes of Gary Neville, Lord Sebastian Coe and other notable figures serve on, the wider goal is for the redevelopment to transform the area and expand further into South Manchester.
The club claims ‘New Trafford’ (not an official name) will create 92,000 new jobs, involve the construction of 17,000 homes and bring an additional 1.8 million visitors to the area annually.
As per further particulars shared online, it is said that the ground would be visible from the Peak District and even the outskirts of Liverpool “in optimum conditions”; the tallest mast will be larger than Beetham Tower and 15.5% of the seats will be reserved for hospitality.
You can see more images of what they hope the stadium and atmosphere to look like during a night match down below:
“We are proud to be supporting that mission with this project of national, as well as local, significance”. (Credit: Foster + Partners)
Although millions of fans will be torn over the decision to leave the existing ‘Theatre of Dreams’, it has been widely reported that the cost of renovating Old Trafford as fans know it today could prove almost as costly as building the new sporting arena entirely.
Commenting on the plans, the club’s legendary manager, Sir Alex Ferguson, has backed the move. He said as part of the official statement: “Manchester United should always strive for the best in everything it does, on and off the pitch, and that includes the stadium we play in.
“Old Trafford holds so many special memories for me personally, but we must be brave and seize this opportunity to build a new home, fit for the future, where new history can be made.”
It’s also still unclear as to what will happen to Old Trafford, although the belief is that it will remain intact next to the new stadium nearby and be used for Man United Women’s fixtures as well as youth games.
You can hear Lord Foster talking through the plans and see the design in more detail down below:
Also remarking on the plans, Mayor Burnham, added. “Our common goal on the Task Force has been to try to unlock the full power of the club for the benefit of its supporters and for Greater Manchester as a whole – creating thousands of new homes and jobs.
“If we get this right, the regeneration impact could be bigger and better than London 2012 [something he’d already said this time last year]. Manchester United could, and indeed should, have the best football stadium in the world.”
ADVERTISEMENT
“To me, that means a stadium that is true to the traditions of the club, affordable to all, with nobody priced out, and a stadium that sets new standards in the game globally. I believe this vision can be realised, and if so, the benefits for Greater Manchester, the North West and the country will be huge.”
How do you feel about the plans, Reds?
Featured Images — Manchester United (via club website)
Business
Manchester City could win the biggest prize money in football history this summer
Danny Jones
Treble winners and four-time consecutive Premier League champions, Man City, could collect arguably their easiest payday yet this summer by playing just seven matches, as it has been confirmed that the total prize money pot for the 2025 Club World Cup is a whopping $1 billion.
We know you can’t hear us through the screen but just know there was an audible gulp.
That’s right, the winner of this year’s FIFA Club World Cup competition will not only get to don the same golden badge as Manchester City did last season but also be able to claim the biggest chunk of an equivalent £775m in British sterling should they emerge victorious.
Not only does this now make the upcoming edition of the international club tournament the most lucrative one in world football but it will also be the biggest single pot of prize money ever won in the sport’s history.
BREAKING: FIFA to announce prize money of $1 billion for Club World Cup for 32 teams, which includes Chelsea and Man City 🚨💰 pic.twitter.com/Gd6Ty5tykC
Set to take place in the US this summer from Saturday, 14 June to Sunday, 13 July, the 2025 Club World Cup will be a revamped version of the competition that had already been won once by City, once by Manchester United, and once by Liverpool.
It only began back in 2000, with Brazilian side Corinthians winning the inaugural edition and giants such as Real Madrid, Bayern Munich and Barcelona going on to lift the trophy multiple times – Los Blancos boasting the most with five wins.
Cut to the present day and following major sponsorship and broadcasting deals being struck in recent months, with DAZN securing exclusive worldwide broadcasting rights as well as 24 games being televised by TNT Sports (formerly BT Sport).
For a long time, the significance of the Club World Cup has been put to one side and merely dismissed a series of glorified pre-season friendlies by teams and their supporters alike.
However, it’s fair to say that offering figures in the region of £100m or maybe even upwards of that for just four weeks of work, as Kaveh Solhekol puts it, will no doubt see plenty of teams change their tune. In theory, they don’t even need to win them all to get their hands on it either.
To put these figures into context, the total prize money for the 2022 Qatar World Cup was $440 million (approx. £341.8m); Argentina got almost £33m of that and the winner of this current UEFA Champions League campaign will earn around £21.1m on top of the roughly £15.7m they get for qualifying.
So yeah, it’s very big money…
Only Chelsea and Man City are among those representing the UK in the tournament this summer, and although the Blues haven’t been at their very brilliant best this season, you would bank on beating a lot of the big hitters contending for the Club World Cup title this year.
Major European names include record-winners Madrid as well as their Athletico; Bayern and Borussia Dortmund; PSG, Inter, Juventus and Benfica, not to mention the likes of Messi‘s Inter Miami – who have the home nation advantage – Palmeiras, River Plate, Boca Juniors and more from outside the continent.
Although FIFA is yet to confirm exactly how much the winner of this £1 billion competition will take home, in the instance of the now record-breaking 2025 Club World Cup, it seems that it really is the taking part that counts.
Even if the estimate of £77.5m for the champion is vaguely accurate, that’s game-changing money for any team, especially Man City given the shadow of FFP, PSR and the now 130 alleged charges still looming over them.
Investigations and slightly nauseating levels of money on the line aside, as is often the case with football these days, City continue to become an increasingly massive and truly global club.
So much so that the Etihad Campus won’t soon just be a stadium and series of sports facilities but a year-round ‘entertainment destination’.
The Manc -
29th January 2021 
