While the big news around the Arcadia sell-off was all about the sale of its star brands, a number of assets remain and those interested in buying the final intellectual property assets don’t have long to make an offer.
One of the most distinctive landmarks in central London retail is up for sale. The former Topshop flagship on Oxford Circus, the jewel in crown of the dismantled Arcadia Group empire, is valued at around £420 million.
ASOS released its interim results on Thursday and the fashion e-tail giant confirmed just how strong it is, as its own brands and Arcadia labels boomed. It saw sales rising globally and profits soared.
Garment makers in nine countries spanning Asia, the Middle East and North Africa have banded together to demand better contract terms from global clothing retailers, according to a draft document seen by Reuters.
French Connection said on Tuesday it was mulling a sale and sought potential suitors as Spotlight Brands and Gordon Brothers backed out from making an offer to buy the struggling British fashion retailer.