Site icon Digital Commerce 360

Asos buys Topshop brand for $405 million

(Bloomberg)—Asos Plc (No. 13 in the Digital Commerce 360 Europe 500) agreed to buy Topshop (owned by Arcadia Group Ltd., No. 66), one of Britain’s best-known apparel brands, and several other labels for 295 million pounds ($405 million), as online fashion retailers swoop in to purchase well-known retail names that are closing stores. Arcadia Group, […]

Exit mobile version