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Days After Buying Missguided, Shein Could Make A Bid For Topshop
Asos is understood to be considering the sale of Topshop less than three years after it bought the retail chain from Phillip Green’s collapsed Arcadia empire. Asos bought Topshop, which had established a U.S. presence during Green's tenure, plus sister brands including Topman and Miss Selfridges, for around $325 million in 2021.
Struggling ASOS explores sale of Topshop brand ASOS bought Topshop, Topman, Miss Selfridge and HIIT brands in February 2021. The deal valued the assets at £265m, although inventory and forward purchase orders took the overall price to £330m. City sources said this weekend that a sale was not certain to proceed.
Shoppers are only just learning what ASOS actually stands for after 23 years ASOS was founded by Nick Robertson, Andrew Regan, Quentin Griffiths and Deborah Thorpe. It ships to all 195 countries including the United Kingdom, the United States, and Europe. Since its launch in 2000, ASOS has acquired Topshop, Topman and Miss Selfridge.
What replaced Philip Green's retail empire in Brum as Topshop remains empty It's been three years since Philip Green's Arcadia Group fell into administration. Arcadia's brand included Topshop, Topman, Dorothy Perkins and Burton. The data, the Mirror reports, shows that just over 59 per cent of them are still vacant.
Over 260 shops abandoned when Philip Green's empire collapsed are still empty Arcadia, including Topshop, Topman, Burton and Dorothy Perkins, left 444 shops vacant in the UK when it fell into administration in 2020. As of January this year, just over 59% shops were still vacant, analysis by Local Data Company shows. That equates to more than 260 stores lying empty. Just under 36% have been taken over by another retailer, and almost 5% has been “repurposed’
Craig Green: ‘Working in fashion wasn’t something I planned’ Craig Green is a British fashion designer specialising in menswear. Following his BA studies, during which time he served an internship with Topman, Green went on to do a master's degree under Louise Wilson.
10 years of change at the Bullring - every shop that was there in 2013 68 shops have shut, moved out, or gone out of business at the Bullring since 2013. Some of the notable names to have upped sticks and moved out are Debenhams, the Disney Store, and GAME. Sports Direct, Storm, Sunglass Hut, Supercuts, Superdry, Swarovski, Vodafone, TK Maxx, Tommy Hilfiger, Topman and Topshop are among the lost shops.
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