ASOS plans TopShop purchases

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Online fashion retailer ASOS (LON:ASC) has thrown its hat in the ring for the purchase of brands owned by Arcadia. It does not want the high street shops, though.

ASOS is keen on the TopShop and associated TopMan brands. Miss Selfridge could also be included in the package. There are rival bidders and there is no certainty it will acquire the brands. AIM-quoted rival boohoo (LON: BOO) is also interested, along with other bidders. boohoo has a track record of buying other brands, whereas ASOS...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.