Britain’s ASOS buys Topshop brand for £265m

Signage can be seen outside a Topshop and Topman store, owned by Arcadia Group, in central London, Britain June 5, 2019. — Reuters

LONDON, Feb 1 — ASOS has bought the Topshop, Topman, Miss Selfridge and HIIT brands from the administrators of Philip Green’s collapsed Arcadia group for £265 million (RM1.47 billion), the British online fashion retailer said today.

The deal for Arcadia’s prized brands does not include its stores, putting thousands of jobs at risk. — Reuters

Source: Malay Mail