Online retailer Boohoo has bought Dorothy Perkins, Wallis and Burton out of administration.
The Manchester-based fashion brand snapped up the businesses in a deal worth £25.2 million.
But the deal only includes the inventory, e-commerce and digital aspects of the businesses, meaning hundreds of high street shops will close.
The closure of the 214 remaining shops is expected to see around 2,450 staff made redundant.
Dorothy Perkins, Wallis and Burton were all part of Sir Philip Green's Arcadia retail empire, which crashed into administration back in December 2020.
Topshop, Topman and Miss Selfridge - also former Arcadia brands - were acquired by ASOS last week.
Around 260 jobs will be saved as the Arcadia brands move to Boohoo, mostly head office roles including design, buying and merchandising.
Staff were emailed on Monday morning and those affected by the job losses will be informed during the day.
Some other staff will be kept on during a months-long transition period, Deloitte said.
Boohoo also recently bought the brand and website of Debenhams after the department store giant collapsed.
That deal - worth £55 million - also included the closure of all 118 stores and around 12,000 job losses.
Boohoo chief executive John Lyttle said: “We are delighted to announce the acquisition of the assets associated with the online businesses of the three established brands Burton, Dorothy Perkins and Wallis.
“Acquiring these well-known brands in British fashion out of administration ensures their heritage is sustained, while our investment aims to transform them into brands that are fit for the current market environment.
“We have a successful track record of integrating British heritage fashion brands on to our proven multi-brand platform, and we are looking forward to bringing these brands on board.”
Boohoo chairman Mahmud Kamani added: “This is a great acquisition for the group as we extend our market share across a broader demographic, capitalising on growth opportunities as more and more customers shop online.
“We continue to grow our portfolio of brands and customer base, strengthening our position as a leader in global fashion e-commerce.”
Administrators have now sold all of Arcadia’s brands, raising around £500 million to pay off creditors.
There is still some property in the portfolio left to sell.
