Could Asos be set to offload Topshop? Retail 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 [...]
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.
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.
High street tycoon and Topshop creator Sir Ralph Halpern passes away at 83 August 12, 2022 Topshop founder and one of the creators of the high street as we know it, Sir Ralph Halpern, has passed away at the age of 83, it has been reported. Halpern was the chief executive of the menswear retailer Burton Group from the late 1970s to early 1990s. “Our father left an irreplaceable mark on [...]
Asos enters deal with Nordstrom to bolster Topshop’s US presence July 12, 2021 Asos has teamed up with the US’ Nordstrom, which will see Topshop clothes sold in brick and mortar stores for the first time since the brand fell into admission last year. The joint-venture will see Nordstrom snag a minority stake in Topshop, Topman, Miss Selfridge and HIIT brands, which joined Asos’ pre-existing online platform following [...]
Next boss Lord Wolfson: London’s High Streets had ‘more to worry about’ four years ago despite loss of brands like Topshop January 5, 2023 Next boss Lord Wolfson has “less reason to worry about the high street” compared to a few years ago, on the tail of a slew of household names shuttering. Physical retail was in a less concerning position than in recent years, when a switch to online shopping signalled a death knell for many staple retailers, [...]
Bargain bin: Topshop’s former Oxford Street site on sale for £420m May 2, 2021 For years it was the jewel in the crown of Sir Philip Green’s retail empire. But with the collapse of Arcadia last November, the former home of Topshop on Oxford Street is now on the market for a cool £420m. Marketing materials seen by The Times suggest the property will offer a “new age retail [...]
Ikea set to take on Topshop flagship store on Oxford Street September 9, 2021 Ikea has reportedly agreed a deal to take on Topshop’s flagship store on Oxford Street for around £385m. The furniture conglomerate has also bought the 73,000 sq ft NikeTown and a 4,700 sq ft Vans shop, adjacent to the Topshop store, according to real estate publication React News. Ikea is thought to be planning a [...]
Ikea snaps up former Topshop Oxford St flagship for £378m October 26, 2021 IKEA has bought the former Topshop flagship store for £378m on Oxford St. The 214 Oxford St store was formerly owned by Arcadia, before the demise of fashion brands Topshop and Topman. Now, the Swedish-origin furniture giant is set to open up in autumn 2023, after the site was bought by Ingka Investments, the investment [...]
Debate: Was Asos right to pass over Topshop’s physical stores? February 3, 2021 Digital retailer Asos has picked up Arcadia’s principal brands – but they didn’t bother with the physical premises. A good decision? Mike Colling of the Kite Factory says yes: To bring great brands back to life you often have to cut away dead wood. The news that ASOS has bought Topshop & Miss Selfridge has [...]