With the news that Burtons, Dorothy Perkins and Wallis have been snapped up by online retailer Boohoo, more jobs are sadly at risk in the island’s capital.
While Manx businesses and stores are doing quite well compared to our UK neighbours, the larger brands and chain stores are clearly struggling thanks to the collapse of the high street retail sector in the UK.
Boohoo has paid £25.2m to buy the brands from failed retail group Arcadia. The deal includes the brands and online businesses, but not the 214 shops nor 2,450 workers employed in them. It completes the fall from grace of Sir Philip Green’s once mighty Arcadia group which collapsed into administration last year.
Administrators Deloitte told the BBC that around 2,450 staff would lose their jobs as a result of the Dorothy Perkins, Wallis and Burton sale, and the stores would permanently close.
It is understood that the three stores employ around about 20 people in the Isle of Man, which are currently awaiting confirmation from Deloitte as to what happens next for their staff.
In the last month, Topshop, which was bought out by Asos, closed its door in the island, with 11 staff losing their jobs.
Away from the high street, Lloyds Bank has also recently announced that up to 25% of its island based jobs are to go with about 120 people being made redundant.