Jan 24, 2021

Asos joins race for Topshop, Topman and Miss Selfridge

Asos has joined the race to buy Topshop, Topman and Miss Selfridge out of administration. The online retailer only wants to buy the brands and not their shops, suggesting any deal would cost jobs. Sir Philip Green's Arcadia Group, which also owns Burton and Dorothy Perkins, fell into administration last November putting 13,000 jobs at risk. It comes after a consortium including fashion chain Next dropped its bid to buy Topshop and Topman last week because it could not meet the price tag. Others interested in some or all of Arcadia include Mike Ashley's Frasers Group, a consortium including JD Sports, and the online retailer Boohoo.

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