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Topshop had originally expanded into Singapore since 2000 with the outlet opening at Orchard Road. On 17 September 2020, all stores were eventually closed down citing losses, before the acquisition by ASOS in February 2021.
ASOS plc (/ ˈ eɪ s ɒ s / AY-soss) [4] is a British online fast-fashion and cosmetic retailer. The company was founded in 2000 in London, primarily aimed at young adults. [5] The website sells over 850 brands as well as its own range of clothing and accessories, and ships to all 196 countries from fulfilment centres in the United Kingdom, the United States, and Europe.
The online giant has bought the inventory and intellection property of Topshop, Topman, HIIT Brands and Miss Selfridge — but not the physical stores. Asos Seals 330 Million Pound Topshop Deal ...
After high street sales fell in 2020 due to the COVID-19 pandemic, Arcadia entered administration and ASOS acquired the Topshop, Topman and Miss Selfridge brands in 2021. [4] Green was made a Knight Bachelor in the 2006 Birthday Honours. He has been called the "King of the High Street" but has been involved in a number of controversies during ...
ASOS will keep 300 employees on as part of the deal but will not keep any of the brands' 70 stores, putting 2,500 jobs at risk. [ 8 ] [ 9 ] They plan to relaunch in May 2021. On the 5 September 2024, ASOS announced that it sold a 75% stake of Topshop & Topman to the Danish company Bestseller.
On 1 February 2021, ASOS announced it had acquired the Topshop, Topman and Miss Selfridge brands out of administration for £265 million, paying an additional £65 million for current and pre-ordered stock. ASOS kept 300 employees on as part of the deal but didn't keep any of the brand's 70 stores, putting 2,500 jobs at risk. [51] [52]
On 1 February 2021, ASOS announced it had acquired the Topshop, Topman, Miss Selfridge and HIIT brands out of administration for £265 million, paying an additional £65 million for current and pre-ordered stock. ASOS will keep 300 employees on as part of the deal but will not keep any of the brand's 70 stores, putting 2,500 jobs at risk.
The deal with Nordstrom is the first time Topshop fashion will be available in a physical store since it went bust last year. Asos launches joint venture to sell Topshop clothes in US stores Skip ...