Topshop Set to Make a Comeback as Brand Sold, Bringing Joy to Fans
Topshop, the renowned fashion brand, might be returning to the high street soon, following a recent deal for the brand’s sale. ASOS, the current owner, has agreed to sell a 75% stake in the Topshop and Topman brands to Danish buyer, Heartland. This move has sparked excitement among fans who have been eagerly awaiting the brand’s comeback.
- ASOS bought Topshop out of administration three years ago.
- ASOS will relaunch Topshop.com as a separate website as part of the deal.
- Heartland, the Danish buyer, boasts companies like Jack & Jones under its umbrella with stores in over 30 countries.
ASOS CEO, Jose Antonio Ramos Calamonte, expressed how the deal will aid in enhancing customer offerings and driving sustainable growth for ASOS. Although the specifics are yet to be finalized, there are hints that Topshop might re-establish a physical presence on the high street in the near future. The deal, valuing the brands at £180m, will see ASOS form a joint venture with Heartland.
- Lise Kaae, CEO of Heartland, emphasized the goal of delivering the best of Topshop and Topman brands to a global audience.
- The announcement has been met with joy from fans eagerly anticipating the brand’s return.
- Discussions are ongoing about the potential reentry of Topshop stores into physical locations.
Fans took to social media to express their excitement about the possible return of Topshop. Jess shared her enthusiasm, “I am so excited at the thought of Topshop returning – fingers crossed it’s true.” Another fan, Bijin, exclaimed, “Topshop is coming back? Oh my god answers prayers. Whew.”
In conclusion, the sale of Topshop to Heartland signals a potential revival of the beloved brand on the high street. With ASOS and Heartland joining forces, fans can look forward to a new chapter for Topshop, bringing back the iconic fashion label to the delight of fashion enthusiasts across the globe.