Topshop set for discount sale price after Next pulls out of race, analysts say January 22, 2021 The bidders circling Sir Philip Green’s collapsed retail empire Arcadia could bag a good deal to buy Topshop, after Next – a frontrunner to rescue the firm’s “crown jewel” – pulled out of the race. Restructuring experts said Next’s exit from the sales process will put the other bidders in a stronger position, making it [...]
Next pulls out of plans to buy Topshop-owner Arcadia January 21, 2021 Next has backed out of plans to buy Sir Philip Green’s collapsed retail empire Arcadia Group, potentially putting up to 13,000 jobs at risk. In a statement, the high street chain said it had withdrawn from plans to buy the Topshop owner because it was “unable to meet the price expectations of the vendor”. “Next [...]