Who owns topshop and topman

Register here. Since then all of the Arcadia brands have been sold, with online retailer Boohoo agreeing to snap up the final three that were up for grabs: Burton, Dorothy Perkins and Wallis. Deloitte, which is handling the administration, said the latest transaction completes the sale of the Arcadia brands and follows the sale of Topshop,Topman, Miss Selfridge, HIIT and Evans.

However, those deals do not include shops, meaning thousands of high street jobs are at risk and hundreds of sites will become vacant.

It will also take on certain liabilities for forward committed stock orders. On completion of the purchase, around employees, including from design, buying, merchandising and digital teams, will transfer to Boohoo.

But the buyer is not taking sites the brands operated from, meaning around jobs are at risk. Mahmud Kamani, executive chairman at Boohoo, which last month also bought the Debenhams brand, said: "This is a great acquisition for the group as we extend our market share across a broader demographic,capitalising on growth opportunities as more and more customers shop online.

For you. World globe An icon of the world globe, indicating different international options. Get the Insider App. Click here to learn more. A leading-edge research firm focused on digital transformation. Good Subscriber Account active since Shortcuts. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log out. US Markets Loading Aldo , Debenhams , Jaeger, Oasis , Peacocks and Warehouse have all collapsed since the pandemic began.

Full list of essential stores. Jump directly to the content. Sign in. All Football. Retailers hit by Covid. Here are some other high-profile retail names hit by the virus outbreak: Aldo shoe shop went into administration in May resulting in five UK store closures and it's searching for a buyer for the remaining business, though franchised stores are not part of the process and concessions remain trading. Brighthouse fell into administration at the end of March. What does it mean when a company goes into administration?

Administration can last anywhere from a few weeks to up to a year or more. Liquidation is the process of selling all assets and then dissolving the company completely.

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