British online clothing retailer Asos is in talks to buy British clothing brand Topshop and several other brands.
The fashion company confirms the reports that it is the frontrunner in the purchase of, among others, Topshop from the ailing fashion group and parent company Arcadia.
Asos would have to pay more than 250 million pounds for the brands. The talks are also about the brands Topman and Miss Selfridge.
The British department store chain Debenhams, also from parent company Arcadia, will be owned by online store Boohoo.
He only wants the brand and is not interested in the physical stores, the curator said. The permanent closure means that about 12,000 employees of the 232-year-old retail chain will lose their jobs.
Most of Arcadia’s more than 500 stores were closed for quite some time last year due to England’s lockdown. That added to the company’s problems and ended up wiping it out.
