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



TODAY, Italy:
LVMH has reached an agreement to acquire the jewelry company Pedemonte Group.
YESTERDAY, USA:
H&M Williamsburg is located at 92 N. 6th St., Brooklyn, New York.
YESTERDAY, USA:
From NY and LA to Honolulu.
DAY BEFORE YESTERDAY, Sweden:
Ingka Group presented a new concept of food courts, which will open in shopping centers from 2023.
DAY BEFORE YESTERDAY, USA:
American retailer Target has agreed to expand its partnership with Starbucks.
DAY BEFORE YESTERDAY, USA:
Construction is expected to begin in 2025 and be completed in 2028.
Friend
and Follow
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping


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