Monday, February 1, 2021

Asos buys Topshop and Miss Selfridge brands for £330m

Only 300 staff will be brought over as part of deal with Arcadia, putting 2,500 jobs at risk

The online fashion retailer Asos is the new owner of Topshop and other leading brands from Sir Philip Green’s Arcadia empire after a £330m deal that puts thousands of jobs at risk.

The deal also includes Topman, Miss Selfridge and activewear brand HIIT, which were put up for sale after Arcadia collapsed into administration last year.

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from Fashion | The Guardian https://ift.tt/2NOJ8Pf
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