Asos, Business, UK news, Topshop, Fashion industry, Life and style, Mergers and acquisitions, Frasers Group, Retail industry Business | The Guardian
Online fashion retailer hands control of brand to Jack & Jones owner with sale of 75% stake to help repay debtsBusiness live – latest updatesTopshop and Topman could return to the high street after Asos handed control of the fashion brand to the billionaire behind Vero Moda and Jack & Jones in a £135m deal.The online fashion seller said it had sold a 75% stake in Topshop, the group it bought just over three years ago for £330m, to Heartland, an arm of Bestseller, the Danish fashion business controlled by the major Asos shareholder Anders Povlsen. Continue reading…
Online fashion retailer hands control of brand to Jack & Jones owner with sale of 75% stake to help repay debts
Business live – latest updates
Topshop and Topman could return to the high street after Asos handed control of the fashion brand to the billionaire behind Vero Moda and Jack & Jones in a £135m deal.
The online fashion seller said it had sold a 75% stake in Topshop, the group it bought just over three years ago for £330m, to Heartland, an arm of Bestseller, the Danish fashion business controlled by the major Asos shareholder Anders Povlsen.
