Clothing retailer buys ASOS Topshop and Miss Selbridge brands | Now

Clothing brands Topshop, Miss Selbridge, Topman and HIID have been acquired by British industrial beer association, the latter company on Monday. Known. ASOS is paying 5 265 million (approximately மில்லியன் 300 million) to acquire the brands. Shops and employees are not being transferred to new owners, thus endangering thousands of jobs.

Four brands are still owned by the British Arcadia Group. The company was struggling financially and applied to defer payment two months ago. Rival ASOS has now struck by buying four brands.

Brands are particularly strongly represented in the UK. These brands are present in two other markets interested in ASOS, namely Germany and the United States. As in the Netherlands, including the Topshop location in Calverstrad in Amsterdam.

The Topshop, Topman and Miss Selbridge brands lost $ 1.8 million pre-tax in the previous fiscal year, ending August 29, 2020. The loss on HIIT is estimated at 4 0.4 million.

ASOS believes the purchased brands are a good addition to the company’s current operations. Concerned neo-hippies and their global warming, i’ll tell ya.