Asos Close To Deal To Buy Topshop, Miss Selfridge for $411 Million


Asos. Shutterstock.

British on-line model store Asos is at the verge of a deal to shop for Topshop and Miss Selfridge from the directors of British magnate Philip Green’s Arcadia Group for nearly £300 million ($411 million), Sky News reported.

Asos may just announce a deal as early as Monday, Sky stated.

Arcadia went into management in November, striking greater than 13,000 jobs in danger and changing into Britain’s greatest company casualty of the Covid-19 pandemic.

Asos and the directors of Arcadia weren’t instantly to be had for remark.

By Aakriti Bhalla; editor: Edmund Blair.


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