UPDATE 2-Asos is front-runner to buy Topshop brand, Sky News says
By Reuters Staff (Adds Arcadia’s response) Jan 23 (Reuters) - British online fashion retailer ASOS Plc has emerged as a surprise front-runner to buy the Topshop brand from the administrators of British tycoon Philip Green’s Arcadia Group, Sky News reported on Saturday. ASOS is in the lead to buy the brand for more than 250 million pounds ($342.10 million), the report said. bit.ly/3990EGm ASOS and Arcadia declined to comment. Retailer Next Plc said on Thursday it had pulled out of the bidding as it was unable to meet the price expectations of the collapsed fashion chain. ASOS is not holdin...
Source: reuters.com