Value £135,000,000

Topshop and Topman

M&A Exit

Exited £100m+ Cross-border

Consumer Goods Published 5 September 2024

Summary

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.

Lead Investor / Acquirer

Heartland

Advising Broker

Undisclosed Firm

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View Company Details

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Original Source

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