Latest fashion industry deals

Date: February 2021
Buyer: ASOS
Target: Topshop, Topman, Miss Selfridge and HIIT (part of the Arcadia Group, in administration)
Business: ashion retailers (womenswear, menswear and activewear)
Value: £330m (£265m for the brands and £65m for current and future stock)
Details: Online fashion retailer ASOS has bought the Topshop, Topman, Miss Selfridge and HIIT brands which were put up for sale after Arcadia collapsed into administration last year. The acquired brands will join ASOS’ Venture Brands portfolio. ASOS will not be taking on any of the brands’ stores and will only be taking on 300 head office employees to help with design, buying and retail partnerships. The acquisition of these brands will help ASOS accelerate its multi-brand platform strategy. The transaction was fully cash funded from existing cash reserves.




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