Boohoo office bidder walks away from deal (#1686532)

time:2024-12-28 00:05:24 edit: Source:

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Sandra Halliday Published December 16, 2024 Download
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Boohoo office bidder walks away from deal

By

Sandra Halliday Published
December 16, 2024

There’s more bad news for Boohoo Group as it emerges that a prospective buyer for its London office has pulled out of a deal that would have helped to boost its under-pressure balance sheet.


Photo: Endurance land



The Israeli property investor had been expected to acquire the Soho office for around £60 million but a survey has thrown up some concerns.

It comes as the company needs around £47 million in cash by August next year to meet a debt repayment and also as the spat with major shareholder Frasers Group continues to play out.