Topshop news and archive

Topshop relaunch on horizon: What to expect from the once prevalent high street brand?

Topshop and Topman (TSTM), once known for their trend-driven, high street-boosting formula, could be on the way to reclaiming this status under the watchful eye of a new majority owner and industry veterans. Its hint of a “return” via social media, after years of operating solely under the scope of Asos’ own e-commerce site, has sparked renewed...

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Asos announces organisational restructuring to boost growth

Online fashion retailer Asos has announced a series of organisational changes aimed at aligning its structure with its strategy and customer-focused approach to driving growth. CEO José Antonio Ramos Calamonte described the changes as a significant step forward for the company, stating: "These changes represent an exciting new chapter for Asos....

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Moses Rashid named marketing director for Topshop after leaving The Edit Ldn

Moses Rashid, the founder of sneaker resale platform The Edit Ldn, has moved to Asos, where he has been appointed as global marketing director for the Topshop and Topman brands. The entrepreneur confirmed the news on LinkedIn, where he said his focus will be on defining the brands’ marketing strategy, building global awareness, re-engaging with...

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Asos completes Topshop and Topman sale

British e-tailer Asos has announced the completion of its sale of the Topshop and Topman brands to Heartland A/S as part of a joint venture with the holding company. The Danish firm, via its subsidiary Aktieselskabet AF 24.8.2024, now holds a 75 percent interest in the joint venture, with Asos Holdings Limited retaining the remaining 25 percent....

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Asos sells majority stake in Topshop and Topman

Online retailer Asos has sold a majority stake in Topshop and Topman in a new joint venture deal with Heartland, the holding company representing the interests of the Holch Povlsen family and their family business Bestseller. The joint venture will grant Asos “certain design and distribution rights” for the Topshop and Topman brands in return...

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Shein reportedly among Topshop bidders

Chinese fashion giant Shein is understood to have formally entered the race to potentially takeover Topshop just one week on from its acquisition of fast fashion rival Missguided. Speculation surrounding Asos’ offloading of Topshop had begun circulating towards the end of October, with a report by Sky News alleging that such a move would...

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Asos reveals rejuvenated visual identity for Topshop and Topman

Since its acquisition of Arcadia-owned labels in 2021, online retailer Asos has set out on expanding and rejuvenating the brands for its own platform and shoppers. Now, the company has revealed a new visual identity for both Topshop and Topman, which will be featured on the brands’ standalone digital shop fronts on the retailer’s website. It...

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Topshop founder Ralph Halpern dies, age 83

The creator of Topshop Ralph Halpern has died at the age of 83, according to reports. The high street tycoon was the chief executive of menswear retailer Burton Group from the late 1970s to early 1990s. During this time, he was involved in the establishment of Topshop, which went on to become a notable womenswear chain throughout the 1990s and...

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Asos cuts profit outlook

Asos reported quarterly sales growth of 4 percent in the three months ended 31 May against a prior comparative growth rate of 47 percent reflecting P3 gross sales growth broadly in line with expectations. The company has updated guidance for the year to reflect uncertain consumer purchasing behaviour and the potential continuation of higher...

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Ikea buys former Topshop flagship in London's Oxford Circus

Once a not-to-be-missed fashion destination smack in the middle of London’s Oxford Circus, the former Topshop flagship has been sold to Ikea, the famed purveyors of inexpensive, flatpack furniture. The new owner’s wares are far removed from that of trend-led Topshop, once the empire of the high street with its seven sprawling floors offering the...

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Asos acquires Arcadia labels for 265 million pounds

British online retailer Asos has announced the acquisition of Topshop, Topman, Miss Selfridge and HIIT brands for 265 million pounds. The company said that the transaction is fully cash funded from existing cash reserves. Additionally, Asos will purchase 30 million pounds of stock upfront to support initial trading before these brands are...

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Arcadia collapsed with 750 million pounds of debt

Arcadia Group, which called in administrators from Deloitte at the end of November, was reportedly sitting on a 750 million pound pile of debt when it collapsed. Reports prepared by Deloitte and seen by The Telegraph reveal Topshop and Topman failed with gross liabilities of more than 550 million pounds. Meanwhile, multi-brand discount chain...