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TOPSHOP (originally Top Shop) is a British fast-fashion company, which specialises in women's clothing, shoes and accessories. It was part of the Arcadia Group , controlled by Sir Philip Green , but went into administration in late 2020 before being purchased by ASOS on 1 February 2021.
Feb 2, 2021 · On 1 February Arcadia, Sir Philip Green’s retail empire, confirmed the sale of three of its brands – Topshop, Topman and Miss Selfridge – to online fashion retailer ASOS following Arcadia’s collapse last November. It reports ASOS owner, Anders Holch Povlsen, has completed the transaction in a deal worth around £330 million.
Feb 13, 2021 · The history of Arcadia Group. When Sir Philip Green bought Arcadia, the retail group behind brands such as Topshop and Wallis, for £850m in 2002 he was already known as the king of the UK high ...
Nov 30, 2020 · Topshop owner Arcadia could collapse, here's a look back at some of the shop's key moments. ... But now Arcadia, the company that owns Topshop, is running out of money and could enter ...
- It's lost its cool. Topshop's popularity peaked in the heady years before the Great Recession, when people had more money to spend and celebrities were keen to be associated with the brand.
- Its digital business has lagged. Topshop, like other traditional High Street brands, has been challenged by online-only fashion platforms like Asos, BooHoo and Pretty Little Thing.
- It's had to deal with problems at the top. Ms Alexander says Topshop's brand has also been tainted by Arcadia director Sir Philip Green, after a series of less-than-favourable incidents.
- It scores poorly on sustainability. Topshop might not churn out new pieces at the breakneck speed of its online-only rivals, but it still has a fast fashion business model - mass producing garments cheaply, then shipping them to 260-outlets worldwide.
Feb 1, 2021 · Arcadia has confirmed the sale of three brands, Topshop, Topman and Miss Selfridge, to online fashion retailer ASOS following the collapse last November. It reports ASOS owner, Anders Holch Povlsen, has bought the three biggest Arcadia brands in a deal worth around £330million that doesn’t include the highstreet stores, putting thousands of jobs at risk.
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Apr 30, 2019 · Sir Philip Green's retail empire - which owns Topshop, Burton, Dorothy Perkins, Evans, Miss Selfridge, and Wallis - is reportedly seeking a rescue deal that would allow it to cut rents and close ...
