More big High Street big names set to go as buyout deal excludes shop premises By Calum MacLeod Published: 07:45, 02 February 2021
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Outfit s Inverness Retail Park includes Topman, Topshop and Miss Selridge concessions â all brands which have now been bought by online retailer Asos.
Inverness s Eastgate Shopping Centre looks set to see another permanent closure after online fashion retailer Asos bought the Topshop and Topman brands.
Asos has paid a reported £295 million for the deal, which also includes Miss Selfridge and HIIT which were also part of failed retail group Arcadia.
More city shops set to shut as buyout deal excludes shop premises By Calum MacLeod
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Updated: 13:04, 01 February 2021
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Outfit s Inverness Retail Park includes Topman, Topshop and Miss Selridge concessions â all brands which have now been bought by online retailer Asos.
Inverness s Eastgate Shopping Centre looks set to see another permanent closure after online fashion retailer Asos bought the Topshop and Topman brands.
Asos has paid a reported £295 million for the deal, which also includes Miss Selfridge and HIIT, which were also part of failed retail group Arcadia.
As UK online fast-fashion retailer Asos swoops to acquire the Topshop, Topman, Miss Selfridge, and HIIT brands out of administration from retail giant Arcadia Group, industry analysts note the opportunity to grow the four brands globally and say Asos will give them the revival they need.
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UK online fast fashion retailer Boohoo Group is set to acquire the global rights to the Debenhams brands and its websites in a GBP55m (US$75.2m) deal as it steps closer to achieving its goal of creating the UK s largest marketplace. The move will help it grow into new categories including beauty, sport, and homeware and raises the question of the relevance of traditional department stores in a post-pandemic environment.
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