Asos and Boohoo take over fashion high-street giants

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26 February 2021 à 14h45

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2 minutes

Publication: 26 February 2021 à 14h45

Reading time: 2 minutes

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Publication

26 February 2021 à 14h45

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Publication: 26 February 2021 à 14h45

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In the U.K., the pure-player Asos (turnover of €3.6 billion in 2020, a rise of 19%) acquired the celebrated Topshop chain, including the brand ownership for Topman, Miss Selfridge and HIIT, for €373 million. This acquisition excludes property.

The 70 stores representing these brands will close, placing 2,500 jobs at risk. The Arcadia Group, owned by the controversed businessman Philip Green, filed for bankruptcy in November 2020. “The acquisition of these emblematic brands is a very

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