Asos rejected Shein’s £215M Topshop offer

By  
Artur Stańczuk
September 15, 2024
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Summary:

Asos turned down a £215M bid for Topshop by Shein and ABG, favoring a £135M joint venture with Heartland. This gives Asos distribution rights and future royalties for the Topshop brand, boosting long-term growth.

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