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£265 million ($364 million)
- ASOS has bought Topshop, Topman, Miss Selfridge, and HIIT for £265 million ($364 million).
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Feb 1, 2021 · Asos confirmed on Monday that it will acquire Arcadia’s Topshop, Topman, Miss Selfridge and HIIT brands in a transaction that will recoup more than £300m for creditors of Philip Green’s insolvent...
- Jonathan Eley
Feb 1, 2021 · ASOS has bought Topshop, Topman, Miss Selfridge, and HIIT for £265 million ($364 million). The brands were part of the Arcadia Group, which fell into administration in December. They...
Feb 1, 2021 · The online fashion retailer has agreed to buy Topshop, Topman, Miss Selfridge and athleisure brand HIIT for £265 million. Administrators for Sir Philip Green’s retail empire also said Asos paid...
- You'll Still Be Able to Buy Online - But It'll Be from Asos' Website
- Topshop and Miss Selfridge's High Street Stores Will Close Putting Jobs at Risk
- Gift Cards Will No Longer Be Accepted from 4 February
- Return Rights Will Depend on When Items Were Purchased
- You Won't Be Able to Use Arcadia Store Cards at Asos
- A Buyer Is Still Being Sought For Burton, Dorothy Perkins, and Wallis
Asos will officially take over Topshop, Topman, Miss Selfridge and HIIT - which is a sportswear label - on 4 February. From this date, you'll no longer be able to shop on the brands' existing websites and you'll instead be redirected to Asos' site where it will have sections selling items from these brands. Until then, it appears you can continue t...
Topshop, Topman, and Miss Selfridge's 70 physical stores are not part of the Asos deal (HIIT doesn't have any standalone shops). These stores will now close for good putting 2,500 jobs at risk of redundancy. If you're an affected staff member worried about your job, see our Redundancy Helpguide to tool up on your rights. Asos is, however, taking on...
Asos says gift cards purchased before it takes over on 4 February remain the responsibility of Deloitte, so it won't accept them. Deloitte has confirmed that existing gift cards can continued to be used online until 4 February to fund 50% of a purchase. When Arcadia first went into administration, its brands continued to accept gift cards as normal...
Asos says it's not responsible for orders placed before 4 February, so it won't accept returns purchased before this date. It will, however, process returns under its usual policy for orders placed from 4 February onwards. Deloitte says it will continue to process returns for for items purchased online before 4 February. It is, however, still decid...
A store card is essentially a credit card you can only use with one high street chain or group, and these were offered by several Arcadia brands, including Topshop - although they are administered by a separate company called New Day. When Arcadia went into administration it told us the cards were expected to continue working but that this might ch...
Burton, Dorothy Perkins, and Wallis are not part of the sale to Asos - Deloitte is still searching for a buyer for these brands. Evans (the brand, not the stores) was purchased in December 2020 by Australian fashion retailer City Chic Collective. Outfit, meanwhile, was not up for sale as part of the administration as it never produced its own range...
Jan 24, 2021 · 24 January 2021. Asos says it is in "exclusive" talks to buy Topshop, Topman, Miss Selfridge and HIIT brands out of administration. But the online retailer said it only wanted the brands, not...
Feb 1, 2021 · In a major changing of the guard, British online retailer Asos has snapped up the high-street label alongside sister brands Topman, Miss Selfridge and HIIT, in a deal worth £295 million ($411 million). Asos will pay £265 million for the brands and a further £30 million for their inventory, but the deal excludes any associated stores.
Feb 1, 2021 · Mergers and Acquisitions. Asos Seals 330 Million Pound Topshop Deal. The online giant has bought the inventory and intellection property of Topshop, Topman, HIIT Brands and Miss Selfridge —...
