topshop news and archive

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...

Feb 22, 2021

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...

Feb 18, 2021

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...

Feb 1, 2021

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...

Jan 27, 2021

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...

Jan 26, 2021

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...

Jan 25, 2021

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...

Jan 22, 2021

Report

JD Sports and Authentic Brands in talks over joint bid for Topshop

JD Sports and Authentic Brands could reportedly team up to acquire Topshop, the flagship brand of the collapsed Arcadia Group. UK sportswear retailer JD Sports and Authentic Brands, the US owner of Forever 21 and iconic department store chain Barneys, are in the early stages of talks over a joint bid for Topshop, Sky News reports. It comes just...

Jan 14, 2021

Report

G-III Apparel enters race for Arcadia brands

US fashion company G-III Apparel has reportedly entered the race to acquire assets from the collapsed Arcadia Group. Nasdaq-listed G-III Apparel has joined a list of potential parties interested in snapping up brands from the failed British retail empire, The Telegraph reports. Arcadia, whose portfolio includes Topshop, Burton and Dorothy...

Jan 12, 2021

Retail

Topshop Oxford Circus flagship put up for sale

Topshop’s London flagship at 214 Oxford Street is closed for good, with the building it's housed in having been put up for sale. The sale of the store is being managed by agents Savills and Eastdil, the BBC reports. The three-storey building has been a retail icon since opening back in 1994, living through the great rise, and then subsequent...

Jan 6, 2021

Report

Arcadia suitors given 18 January deadline

Arcadia’s administrator Deloitte has reportedly accelerated the sale of the retail group’s fashion brands, giving potential suitors a deadline of 18 January to make final bids. According to The Times, Deloitte has narrowed the frontrunners down to just five, though they are understood to have been around thirty expressions of interest. Those...

Jan 4, 2021

Business

2020: Fall of fashion brands, retailers and series of Chapter 11 bankruptcies

A look-back at the year 2020 reveals how fashion brands and retailers suffered due to dwindling sales, low footfall, high debts, high rentals, inefficient operations, out-dated merchandise assortment and high inventories, among other issues. The coronavirus pandemic added to the woes of these already troubled retailers leading them to file for...

Dec 28, 2020