News last week that ASOS was selling a 75% stake in Topshop and Topman for £135 million showed the e-tailer making loss on the deal. But what it didn’t say at the time was that a higher bid had been tabled for the business. Topshop Reports have said that it declined a much higher offer [...]read moreASOS £135m Topshop sale was agreed despite higher bids
ASOS has big news on Thursday, delivering a trading update, a joint venture for Topshop and Topman, and details of new funding partly linked to the Topshop deal. Topshop There’s been ongoing speculation about its continued ownership of the two star labels it previously acquired after the Arcadia collapse and it’s no surprise that its [...]read moreASOS in £135m Topshop JV with Bestseller owner’s holding company
News last year that Shein and Authentic Brands Group were interested in buying Topshop – currently owned by ASOS – seemed to be just a rumour. But now the speculation has resurfaced and given the well publicised problems at ASOS it could mean that a takeover by one of the fast expanding businesses is more [...]read moreCan ASOS keep Topshop as Shein and Authentic rekindle interest?