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.