01-01-1970 12:00 AM | Source: Reuters
ASOS close to deal to buy Topshop, Miss Selfridge for $411 million
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)
(Reporting by Aakriti Bhalla; Editing by Edmund Blair)
Latest News
Digital Lending Made Easy, Quick & Efficient
Ananant Systems joins India Electronics and Semicond...
TRAI move on new broadcasting policy to make India a...
Real estate sector booming, Sentiment Index Score at...
PE fund Arpwood Partners infuses Rs 680 crore in low...
Global Market Outlook from Alex Volkov, Market Analy...
Geojit report: Mutual Fund Industry Update - April 2024
Hyundai`s car selling prices soared over past 5 yrs,...
Pune`s Residential Real Estate Market Records 56% Ri...
Nifty, Bank Nifty and Stocks to watch out 20.05.2024...