LONDON (Reuters) – British on-line vogue retailer ASOS is on the verge of a deal to purchase Topshop and Miss Selfridge from the directors of British tycoon Philip Inexperienced’s Arcadia Group for nearly 300 million kilos ($411 million), Sky Information reported.
ASOS might announce a deal as early as Monday, Sky stated.
Arcadia went into administration in November, placing greater than 13,000 jobs in danger and turning into Britain’s largest company casualty of the COVID-19 pandemic.
ASOS and the directors of Arcadia each declined to remark.
In the meantime, British on-line vogue retailer Boohoo stated on Friday it has entered unique talks with the directors of Philip Inexperienced’s collapsed Arcadia group over the acquisition of the Dorothy Perkins, Wallis and Burton manufacturers.
ASOS stated on Monday it was in unique talks to purchase the Topshop, Topman, Miss Selfridge and HIIT manufacturers from the directors of British tycoon Philip Inexperienced’s Arcadia Group.
($1 = 0.7294 kilos)
Reporting by Aakriti Bhalla; Further Reporting by Sabahatjahan Contractor; Enhancing by Edmund Blair and Grant McCool