Shein will acquire the intellectual property and trademarks of Missguided, while Ashley s retail empire Frasers would retain its real estate and employees.
Stocks in London fought back on Monday, after hitting two-month lows on Friday, although a fall in HSBC shares kept a lid on further progress.
Investors also have one eye on this week s central bank.
LONDON MARKET CLOSE: Stocks stage fight back despite more banking woes lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.