Asos rejected Shein’s £215M Topshop offer

By  
Artur Stańczuk
September 15, 2024
0
min read
Share this post

Summary:

Asos turned down a £215M bid for Topshop by Shein and ABG, favoring a £135M joint venture with Heartland. This gives Asos distribution rights and future royalties for the Topshop brand, boosting long-term growth.

Subscribe to unlock premium content

Each week we select most important sector news and statistic
so that you can be up to speed

Unlock content
Unlock content
Unlock content
By clicking “Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.