Shein still keen to buy Topshop from Asos Retail Fast-fashion disruptor Shein is reportedly still interested in buying Topshop from Asos, the former golden egg of Philip Green’s now collapsed Arcadia empire.
Topshop on the block: Meet the runners and riders… Retail Asos bought Topshop and a number of its sister brands such as Topman and Miss Selfridges for £265m back in 2021 after Arcadia plunged into administration.
Most Arcadia stores lie empty a year after empire’s collapse HIGH STREET Press Association THE vast majority of stores from Sir Philip Green’s former Arcadia empire remain empty a year after the retailer’s dramatic collapse. Around 86 per cent of shop sites run by the group – which included Topshop, Topman, Burton and Dorothy Perkins stores – are still vacant, according to data from the Local Data [...]
End of an era: Liquidators appointed to wind up Philip Green’s Arcadia empire July 13, 2021 The administrators of Philip Green’s collapsed Arcadia have appointed liquidators to wind up the companies, marking the end of an era for the tycoon’s once-booming retail empire. Arcadia operated a number of high street brands across the UK and globally, including Topshop, Burton and Dorothy Perkins, and employed over 13,000 people at its peak. The [...]
Asos buys Arcadia’s Topshop and Miss Selfridge in £330m deal, leaving thousands jobless February 1, 2021 Arcadia’s Topshop, Topman, Miss Selfridge and HIIT brands have been sold to online retailer Asos in a £330m deal. Arcadia’s administrator Deloitte this morning confirmed Asos would buy the brands for £295m, and would also take on certain liabilities for forward committed stock orders. Asos paid around £265m for the brands, some £30m for the [...]
Sir Philip Green’s wife brings forward £50m payment to Arcadia’s pension pot December 2, 2020 Tina Green, the ultimate owner of collapsed retail chain Arcadia, has announced she will bring forward a £50m payment owed to the company’s pension scheme. Last year Monaco-based Tina Green, who is married to Topshop tycoon Sir Philip Green, agreed to pay £100m into the company’s pension pot as part of a restructuring plan agreed [...]
Boohoo buys Arcadia brands Dorothy Perkins, Wallis and Burton February 8, 2021 Online fashion giant Boohoo has bought Arcadia brands Dorothy Perkins, Wallis and Burton out of administration in a £25.2m deal. Boohoo has bought the brands’ e-commerce and digital assets and associated intellectual property rights. The deal does not include the retailers’ physical stores and the brands will become online-only. All 214 Dorothy Perkins, Wallis and [...]
Could Asos be set to offload Topshop? October 28, 2023 Asos, the ailing online fashion retailer, is exploring a sale of Topshop, less than three years after it acquired the high street brand from Philip Green’s collapsed Arcadia empire. Notice of the sale could be announced as soon as Wednesday in conjunction with the digital retailers full year results, which Asos said have been pushed [...]
Next confirms consortium bid for Topshop-owner Arcadia January 5, 2021 Next has confirmed that it is part of a consortium bidding for Arcadia brands, but said it was not seeking majority ownership of Sir Philip Green’s collapsed business empire. It was reported last month that the high street retailer was holding detailed discussions with Davidson Kempner about a combined offer for Arcadia, the owner of [...]
Topshop owner Arcadia collapsed with debts of hundreds of millions of pounds January 26, 2021 Troubled retailer Arcadia collapsed with gross liabilities of more than £550m, according to documents prepared by Deloitte, Arcadia’s administrator. Reports prepared at the end of November 2020 revealed Topshop – Arcadia’s flagship brand – and Topman failed with gross liabilities of more than £550m, the Telegraph revealed. Discount brand Outfit owed £80m. The Telegraph [...]