Topshop ‘Set for High Street Comeback’ Following Administration in 2020
Fashion enthusiasts were heartbroken in 2020 when the iconic high street brand, Topshop, went into administration, signaling the closure of its stores. However, there is good news on the horizon as the beloved retailer may be making a return to local shopping centers and high streets. This exciting development comes after a £135 million deal was brokered between Asos and Danish investment firm Heartland.
The Topshop and Topman brands, which had transitioned to online platforms following the downfall of fashion group Arcadia, have now seen a 75% stake of the Topshop brand acquired by investment firm Heartland, led by Danish billionaire Anders Povlsen. Asos, having been home to Topshop products since 2021, will see the original Topshop website back in operation in the coming months.
Moreover, there is speculation that Topshop could physically return to the high street as well, as hinted by Asos CEO José Antonio Ramos Calamonte. The potential revival of these iconic brands, absent from physical stores since Arcadia’s collapse, not only excites shoppers but also offers a glimpse of revitalization for commercial districts.
Key Points to Note:
- Asos and Heartland secure a £135 million deal for Topshop.
- 75% stake of Topshop brand acquired by investment firm Heartland.
- Potential return of Topshop to the high street and online platforms.
- Asos CEO hints at reopening physical Topshop stores.
Fans of Topshop have taken to social media to express their joy at the possibility of the brand’s comeback, with many enthusiastic about the prospect of once again browsing through their favorite fashion items. Although the exact locations and number of physical stores have not been disclosed, the reemergence of Topshop on the high street is eagerly anticipated.
Before its closure, Topshop boasted 70 stores across the UK, including its flagship store on London’s iconic Oxford Street. With the potential resurgence of Topshop, fashion lovers are eagerly awaiting the opportunity to indulge in the brand’s trendy clothes, shoes, and accessories once more.