LONDON: British on the web fashion retailer ASOS is on the verge of a deal to invest in Topshop and Miss Selfridge from the administrators of British tycoon Philip Green’s Arcadia Group for just about 300 million lbs ($411 million), Sky News documented.
ASOS could announce a offer as early as Monday, Sky stated.
Arcadia went into administration in November, putting additional than 13,000 work opportunities at chance and getting to be Britain’s largest corporate casualty of the COVID-19 pandemic.
ASOS and the directors of Arcadia have been not instantly available for comment.
($1 = .7294 kilos)
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