boohoo group plc (AIM:BOO) is in advanced talks to acquire the remaining components of Philip Green's high street empire in a deal that will accelerate the transition of famous British retail names to becoming online-only brands. Sky News has learnt that Boohoo is nearing exclusive negotiations to snap up the Burton, Dorothy Perkins and Wallis brands from the administrator to Arcadia Group Limited. A deal is not certain to be agreed, according to people close to the proposed transaction, but could be announced as soon as next week if sufficient progress is made in the talks. Other parties remain interested in the three brands and could yet buy them if discussions with Boohoo fall apart, according to insiders. Boohoo is said to have indicated to Deloitte that it will pay little more than £25 million for the trio of prominent clothing brands. If the Boohoo deal with Arcadia's administrator goes ahead, it would spell further bad news for Britain's crisis-hit high streets. As with its swoop on Debenhams, Boohoo would not seek to retain any of the stores trading under the Burton, Dorothy Perkins and Wallis names, or their employees. Boohoo and Deloitte declined to comment on January 28, 2021 evening.