Asos sells Topshop and Topman into new joint venture with Heartland

Online clothing retailer Asos has launched a joint venture with Heartland, whereby Heartland will buy the Topshop and Topman clothing brands from Asos. Asos bought the two brands, along with Topman, Miss Selfridge and HIIT, in 2021 from Philip Green’s collapsed Arcadia group for £265m (excluding stock). The joint venture will grant Asos “certain design [...]