Next consortium in front to buy Arcadia's TopShop
January 19, 2021- Share:
A group of investors that includes London-listed retailer Next is the frontrunner to buy high-street fashion brand Topshop, The Times reports. Topshop is the centerpiece of retail mogul Philip Green’s struggling Arcadia Group, which was put into bankruptcy protection in November. Next is said to be partnering with US hedge fund Davidson Kempner. Sky News reported last week that Barneys New York department store owner Authentic Brands and UK company JD Sports Fashion had made a rival bid.
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