Topman news and archive

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....

People

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...

BusinessMember

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....

BusinessFeaturedMember

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...

BusinessFeaturedMember

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...

BusinessFeaturedMember

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...

BusinessFeaturedMember

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...

BusinessMember

Arcadia separates Topshop and Topman logistics from rest of group

Arcadia has reportedly separated the logistics operations for Topshop and Topman from the rest of the group’s fashion brands. The Philip Green-owned group has opened a new automated warehouse dedicated to processing orders for Topshop and Topman in Daventry, Northamptonshire, according to The Times. Topman orders are reportedly already being...

Retail

Topman to relaunch house brands as part of Autumn 2019 strategy

Topman has outlined a new strategy for Autumn 2019 which will see it relaunch its in-house brands and reduce its pricing structure by 10 percent. The Arcadia-owned group announced it will re-launch a number of in-house brands helmed by its recently-appointed trading director, Mitch Hughes. Eleven new concession brands including Hermano and...

Fashion

US landlords drop challenges against Arcadia CVA

Arcadia Group is set to move forward with its restructuring plans after two US landlords dropped challenges against two of its company voluntary arrangements (CVAs). The decision came following “significant and constructive dialogue” with the two landlords, Arcadia said in a statement on Tuesday. Ian Grabiner, CEO of Arcadia Group, said: “With...

Fashion

Topshop and Topman land at Shop Direct

Shop Direct has added Arcadia Group-owned Topshop and Topman to its portfolio of more than 500 fashion brands. The company, which owns Very.co.uk and Littlewoods.com, is offering around 500 product lines, spanning clothing, footwear, accessories, maternity, petite and tall - this will expand to around 2,000 during AW19. It will also become the...

BusinessMember

Vornado raises questions over Arcadia debt issues

Fashion Network has reported that Vornado, a U.S. landlord, has raised questions over Phillip Green and his Arcadia Empire over the manipulation of a CVA vote by increasing its debt owed to suppliers. Arcadia Group just narrowly escaped collapse last week when its unsecured creditors voted to approve a company voluntary agreement. Arcadia Group...