Could Asos be set to offload Topshop? Retail Asos, the ailing online fashion retailer, is exploring a sale of Topshop, less than three years after it acquired the high street brand from Philip Green’s collapsed Arcadia empire. Notice of the sale could be announced as soon as Wednesday in conjunction with the digital retailers full year results, which Asos said have been pushed [...]
Shein still keen to buy Topshop from Asos Retail Fast-fashion disruptor Shein is reportedly still interested in buying Topshop from Asos, the former golden egg of Philip Green’s now collapsed Arcadia empire.
Topshop on the block: Meet the runners and riders… Retail Asos bought Topshop and a number of its sister brands such as Topman and Miss Selfridges for £265m back in 2021 after Arcadia plunged into administration.
Asos sells Topshop and Topman into new joint venture with Heartland September 5, 2024 Online clothing retailer Asos has launched a joint venture with Heartland, whereby Heartland will buy the Topshop and Topman brands from the firm. Asos bought the two brands, along with Topman, Miss Selfridge and HIIT, in 2021 from Philip Green’s collapsed Arcadia group for £265m (excluding stock). The joint venture will grant Asos “certain design [...]
How Asos’ post-pandemic debt led it to sell Topshop September 5, 2024 Three years after buying the British high street brands Topshop and Topman from Phillip Green’s collapsed Arcadia empire, Asos has said it will sell 75 per cent of its stake in the brands to a joint venture with Heartland. Asos bought the brands at a buoyant time for the company when its stock was near [...]
Mike Ashley’s Frasers Group sells shares in Asos following Topshop spike September 23, 2024 Frasers Group, the retail empire controlled by Mike Ashley, has lowered its stake in fast-fashion giant Asos. The Mansfield-headquartered group, which owns the likes of Sports Direct and House of Fraser, has decreased its holdings in Asos from 24.3 per cent to 21.1 per cent, according to a new filing with the London Stock Exchange. [...]
Asos rejected £215m Topshop offer from Shein in favour of lower bid September 8, 2024 Online clothing retailer Asos had declined a much higher bid for Topshop and Topman from fast fashion giant Shein in favour of its new joint venture with Heartland.
High street tycoon and Topshop creator Sir Ralph Halpern passes away at 83 August 12, 2022 Topshop founder and one of the creators of the high street as we know it, Sir Ralph Halpern, has passed away at the age of 83, it has been reported. Halpern was the chief executive of the menswear retailer Burton Group from the late 1970s to early 1990s. “Our father left an irreplaceable mark on [...]
Next boss Lord Wolfson: London’s High Streets had ‘more to worry about’ four years ago despite loss of brands like Topshop January 5, 2023 Next boss Lord Wolfson has “less reason to worry about the high street” compared to a few years ago, on the tail of a slew of household names shuttering. Physical retail was in a less concerning position than in recent years, when a switch to online shopping signalled a death knell for many staple retailers, [...]
Asos enters deal with Nordstrom to bolster Topshop’s US presence July 12, 2021 Asos has teamed up with the US’ Nordstrom, which will see Topshop clothes sold in brick and mortar stores for the first time since the brand fell into admission last year. The joint-venture will see Nordstrom snag a minority stake in Topshop, Topman, Miss Selfridge and HIIT brands, which joined Asos’ pre-existing online platform following [...]