By

Sandra Halliday Published December 16, 2024 Download
Print
Text size

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.

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.