Online fashion retailer hands control of brand to Jack & Jones owner with sale of 75% stake to help repay debtsBusiness live – latest updatesTopshop and Topman could return to the high street after Asos handed control of the fashion brand to the billionaire behind Vero Moda and Jack & Jones in a £135m deal.The online fashion seller said it had sold a 75% stake in Topshop, the group it bought just over three years ago for £330m, to Heartland, an arm of Bestseller, the Danish fashion business controlled by the major Asos shareholder Anders Povlsen. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/sep/05/asos-sells-topshop-stake-repay-debts
Author : Sarah Butler
Publish date : 2024-09-05 13:12:19
Copyright for syndicated content belongs to the linked Source.
Topshop could return to high street after Asos sells stake for £135m
