2-[4-Aryloxybut-2-ynylthio][1]benzothiopyran-4-ones on treatment with m-chloroperoxy benzoic acid in chloroform at 08C to room temperature afforded 3-(aryloxyacetyl)-2,3-dihydrothieno[2,3-b]benzothiopyrans in 65 -70% yield. The sigmatropic [2,3] followed by [3,3] rearrangement, are attributed to this transformation.