Find in the news:
BY COUNTRY

Asos became the owner of Topshop and Miss Selfridge brands



Asos will not retain the retail chains of the acquired brands, which will be liquidated.
Topshop - Toppman sign - Topshop

Major international fashion brands continue to lose ground under the crisis's pressure. They are being taken over by online retailers, whose positions were strengthened during the pandemic. 

Today it became known another major deal: British online clothing and cosmetics retailer Asos completed the purchase of several brands, including Topshop, from one of Britain's largest retailers, Arcadia Group. 

The transaction amounted to 265 million pounds sterling. Under the agreement, Asos will pay for the acquired assets in cash without attracting credit. 

The deal included the world-famous brands Topshop, Topman, Miss Selfridge, and HIIT. As expected, Asos will not retain the acquired brands' retail chains, which will eventually be liquidated. 

In December 2020, Arcadia Group, owned by billionaire Philip Green, initiated bankruptcy proceedings. The company was placed under external management by Deloitte. Arcadia said that the pandemic caused the pandemic's financial problems. The following restrictions made it almost impossible to maintain the retail business. 

Photo credit: depositphotos.com.

More about shopping malls in the United Kingdom



Jun 10, 2021, USA:
The National Retail Federation predicts the market will experience the kind of rapid growth "the country hasn't seen since 1984.
Jun 9, 2021, USA:
Several Microsoft experience centers leftover from what was once a large chain of stores will offer more information and the opportunity to buy the company's technology.
Jun 7, 2021, USA:
The billionaire announced that he would fly into space on his own company's ship. The estimated date of flight is July 20th.
Jun 4, 2021, USA:
The three-level retail space in New York City spans about 2,000 square meters.
Jun 4, 2021, USA:
A mall owner has sued Victoria's Secret, saying the company closed the store without paying rent.
Jun 3, 2021, USA:
The company is entering a new market in hopes of recovering from the pandemic.
Friend
and Follow
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us