A Topshop retailer. Shutterstock.
The UK-based sporting items retailer is discussing a joint bid with the American licensing firm for Topshop, Sky News reported Wednesday. Topshop’s mum or dad firm Arcadia Group, based by Sir Philip Inexperienced, entered administration final November. As a part of the deal, JD Sports activities can be ABG’s working companion.
Quick trend retailer Subsequent can also be anticipated to be a bidder for Arcadia’s property. Provides might be due quickly, in response to Sky Information, although the deal between ABG and JD Sports activities is “removed from concrete,” sources advised the publication.
ABG is likely one of the most aggressive licensing corporations in buying bankrupt retailers in recent times. Its steady of manufacturers embody Brooks Brothers, Forever21 and Barneys New York.