31/01/2021 9:15:29 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)
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