Asos Sells Majority Stake in Topshop, Topman as Turnaround Effort Continues
Retail TouchPoints
SEPTEMBER 5, 2024
British online retailer Asos has agreed to sell a 75% stake in its Topshop and Topman brands to investment company Heartland for £135 million (approximately $180 million ), multiple sources report. The new joint venture would see Asos retain a 25% share of the business.
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