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Large women's fashion chain is closing all stores - Munich is also hit hard

2021-02-03T09:16:41.260Z


The corona pandemic is hard on many companies. The situation is worsening, especially in stationary retail. Now the next fashion chain has got it.


The corona pandemic is hard on many companies.

The situation is worsening, especially in stationary retail.

Now the next fashion chain has got it.

London - The British online fashion retailer

Asos

has

grabbed Topshop

and other brands from the bankrupt retail

giant Arcadia

.

The British are paying a total of 265 million pounds, the equivalent of around 300 million euros.

 "We are very proud to be the new owners of the Topshop,

Topman

,

Miss Selfridge

and

HIIT

brands,

" said Asos boss

Nick Beighton

on Monday, according to a statement.

Asos has already played an important role in the growth of online sales for these brands.

Now they want to develop this further and work together with sales partners in Great Britain and around the world.

Topshop: In Germany, several branches are about to be closed

Around 300 company employees are to be taken over.

Asos, on the other hand, does not plan to take over the brands' shops.

In Germany, the two

Topshop

locations in

Berlin

, as well as the areas in

Cologne

,

Düsseldorf

,

Oberhausen

and

Munich would be

affected.

The deal is expected to close later this week.

Topshop

specializes in young fashion for women.

Topshop is

best known to

the general public

with its brand ambassador

Kate Moss

.

The top model had meanwhile also helped design the collection of the company founded in 1964.

Topshop: Corona pandemic hits fashion chain hard

But the

Corona

* pandemic

hit

Topshop

owner Arcadia with full force.

The British department store empire only had to file for bankruptcy at the end of November.

The online retailer Asos, however, continued to do good business thanks to the lockdown.

Other fashion chains have also recently come under severe economic pressure due to the pandemic.

A good two weeks ago,

Adler Modemärkte had to

file for bankruptcy.

However, business operations should continue.

The insolvent fashion chain

Pimkie

is planning deep cuts in its store network.

The Swedish fashion retailer

H&M

wants to cut around 800 jobs in view of falling revenues in Germany.

(

dpa / utz

)

* Merkur.de is part of the Ippen Digital editorial network.

Source: merkur

All news articles on 2021-02-03

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