Find in the news:
BY COUNTRY

ASOS may become the new owner of Topshop



The online retailer of fashionable clothes, ASOS, is considered the most probable applicant for the takeover of famous clothing brand Topshop.
Topshop - Toppman sign - Topshop

The Topshop brand belongs to the Arcadia Group, controlled by British businessman Philip Green. In recent years, the company has failed to do so due to its management's reluctance to invest in e-commerce. In December 2020, Arcadia was forced to file for bankruptcy, unable to withstand the economic difficulties caused by the coronavirus pandemic. It was a severe blow to the British retail industry and could lead to the dismissal of 13,000 people. Journalists have already dubbed Arcadia "the biggest pandemic victim" in the retail world.

The future of the brands owned by the Arcadia Group is still uncertain. In addition to Topshop, the company also owns Topman, Dorothy Perkins, Wallis, Miss Selfridge, Evans, Burton, and Outfit. The consultancy firm Deloitte, acting as interim manager, is now searching for new owners. An online fashion retailer ASOS is the most likely candidate for the purchase of Topshop, and it is also considering the purchase of brands Topman and Miss Selfridge.

According to Sky News, citing an unnamed source, ASOS is trying to buy Topshop for more than 250 million pounds ($342 million). The deal can be completed by the end of the month, but some details to discuss. ASOS's competitors include British online retailer Boohoo, U.S. retailer Authentic Brands Group and Chinese fashion group Shein.

The acquisition by ASOS of Topshop, a company engaged exclusively in online marketing, has only increased fears for the store's employees' future, whose likelihood of layoffs is growing again.

Photo credit: depositphotos.com.

More about shopping malls in the United Kingdom



Jun 1, 2022, United Kingdom:
The concept store is part of the Livat Hammersmith shopping and entertainment center in London.
May 19, 2022, South Korea:
Hyundai Seoul got a central atrium with a 12-meter waterfall and natural lighting.
May 12, 2022, Malaysia:
The complex is home to more than 200 tenants selling authentic local goods.
Apr 29, 2022, Europe, Europe:
The store sells streetwear created in collaboration with designers such as Soho Grit, Alma de Ace, BAPE, Herschel, and Staple.
Apr 28, 2022, USA:
Nike and RTFKT have announced a new collection of Nike Dunk Genesis Cryptokicks sneakers.
Apr 27, 2022, USA:
Meta Store has the intention of demonstrating the possibilities of virtual reality devices, as well as dispelling the mystery around the concept of the math universe.
Friend
and Follow
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place


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