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UK online fashion retailer buys Topshop, three other brands for $363 million

UK online fashion retailer buys Topshop, three other brands for $363 million

Online fashion seller ASOS has bought Topshop along with three other brands for 265 million pounds ($363 million), putting thousands of jobs at risk because Asos acquired the Topshop, Topman, Miss Selfridge’s and HIIT brands but none of their stores. ASOS said it plans to keep only about 300 of the brands’ employees, leaving around 2,200 people redundant.

Sandra
Sandra
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