LONDON (Jan 17): Clothing chain Next plc, which is partnering with US hedge fund Davidson Kempner, is seen as the front runner to buy Topshop, the Sunday Times reported.
Bidding for the high-street retailer, expected to fetch more than £200 million (US$272 million), ends tomorrow, according to the report that did not cite the sources of its information.
Other bidders include Authentic Brands Group LLC, which teamed up with JD Sports Fashion plc, Mike Ashley s Frasers Group plc, and online retailer Boohoo Group plc, the paper reported.
Topshop owner Arcadia Group Ltd filed for insolvency in November and appointed Deloitte as administrators of the proceedings.