LONDON: British online fashion retailer ASOS is on the verge of a deal to buy Topshop and Miss Selfridge from the administrators of British tycoon Philip Green’s Arcadia Group for almost 300 million pounds ($411 million), Sky News reported.
ASOS could announce a deal as early as Monday, Sky said.
Arcadia went into administration in November, putting more than 13,000 jobs at risk and becoming Britain’s biggest corporate casualty of the COVID-19 pandemic.
ASOS and the administrators of Arcadia were not immediately available for comment.
($1 = 0.7294 pounds)
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
Read all the Latest News, Breaking News and Coronavirus News here
Comments
0 comment