TOPSHOP news and archive

Asos reveals rejuvenated visual identity for Topshop and Topman

Since its acquisition of Arcadia-owned labels in 2021, online retailer Asos has set out on expanding and rejuvenating the brands for its own platform and shoppers. Now, the company has revealed a new visual identity for both Topshop and Topman, which will be featured on the brands’ standalone digital shop fronts on the retailer’s website. It...

People

Topshop founder Ralph Halpern dies, age 83

The creator of Topshop Ralph Halpern has died at the age of 83, according to reports. The high street tycoon was the chief executive of menswear retailer Burton Group from the late 1970s to early 1990s. During this time, he was involved in the establishment of Topshop, which went on to become a notable womenswear chain throughout the 1990s and...

ManagementFeatured

Asos cuts profit outlook

Asos reported quarterly sales growth of 4 percent in the three months ended 31 May against a prior comparative growth rate of 47 percent reflecting P3 gross sales growth broadly in line with expectations. The company has updated guidance for the year to reflect uncertain consumer purchasing behaviour and the potential continuation of higher...

RetailFeatured

Ikea buys former Topshop flagship in London's Oxford Circus

Once a not-to-be-missed fashion destination smack in the middle of London’s Oxford Circus, the former Topshop flagship has been sold to Ikea, the famed purveyors of inexpensive, flatpack furniture. The new owner’s wares are far removed from that of trend-led Topshop, once the empire of the high street with its seven sprawling floors offering the...

ManagementFeatured

Asos posts sales and profit growth, CEO Nick Beighton steps down

For the year to August 31, 2021, Asos plc reported total sales growth of 22 percent to 3,910.5 million pounds. The company said that growth was underpinned by exceptional performance in the UK which grew at 36 percent, whilst internationally sales growth in both the EU and US was 15 percent and 21 percent, respectively, reflecting the wholesale...

Retail

Asos expands Topshop and Topman ranges

Asos doubles Topshop and Topman offering, following its purchase of the two brands from Arcadia, and is launching a two-week international targeted customer awareness campaign. Topshop and Topman have been stocked on Asos since 2019 and the e-tailer is looking to inform customers of both brands that they can now shop from Asos following its...

Report

Topshop, Topman creditors owed 176 million pounds

Topshop and Topman creditors are reportedly facing losses of 176 million pounds following the collapse of Arcadia late last year, more than double the amount administrators previously estimated. Overseas suppliers and property owners are among those hardest-hit, while gift card holders are 4.5 million pounds out of pocket, according to documents...

Management

Asos acquires Arcadia labels for 265 million pounds

British online retailer Asos has announced the acquisition of Topshop, Topman, Miss Selfridge and HIIT brands for 265 million pounds. The company said that the transaction is fully cash funded from existing cash reserves. Additionally, Asos will purchase 30 million pounds of stock upfront to support initial trading before these brands are...

Business

Arcadia collapsed with 750 million pounds of debt

Arcadia Group, which called in administrators from Deloitte at the end of November, was reportedly sitting on a 750 million pound pile of debt when it collapsed. Reports prepared by Deloitte and seen by The Telegraph reveal Topshop and Topman failed with gross liabilities of more than 550 million pounds. Meanwhile, multi-brand discount chain...

Retail

Asos may keep Topshop's Oxford Circus flagship if acquisition goes ahead

British e-tail giant Asos could reportedly retain Topshop’s flagship store on Oxford Circus if it goes ahead with an acquisition of the brand. The three-storey building has been a retail icon since opening back in 1994, living through the great rise, and then subsequent fall, of the brand’s owner, Arcadia. Chiefs at Asos, which this week...

Report

Asos in ‘exclusive talks’ to snap up Topshop, other Arcadia brands

Asos has confirmed that it has joined the race to acquire brands from collapsed retail empire Arcadia. The British e-tailer said Monday it has entered exclusive talks with the administrators of Arcadia over the acquisition of the Topshop, Topman, Miss Selfridge and HIIT brands. Rival British Fashion retailer Next, which was earlier thought to be...

Report

Next pulls out of race to buy Topshop

Next, which was thought to be the frontrunner in a race to acquire assets from the collapsed Arcadia Group, has reportedly pulled out of the bidding. A consortium comprising Next and US investment firm Davidson Kempner Capital Management were teaming up on a potential offer, but has now withdrawn, Sky News reports. A Next spokesman told Sky...