Topshop and Topman

Acquirer: Heartland

ASOS has sold a majority stake in Topshop and Topman to Danish clothing group Heartland for £135 million. Summary of transaction details: Value: £135 million Sector: Consumer Goods Advisor: Not disclosed Key Entities: ASOS, Heartland, Topshop, Topman Location: UK Note: The deal marks a significant move in the evolving retail landscape, with Heartland and ASOS poised to revitalise these well-known brands and re-establish their presence in the competitive fashion market.