The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The UK-based sporting goods retailer is discussing a joint bid with the American licensing company for Topshop, Sky News reported Wednesday. Topshop’s parent company Arcadia Group, founded by Sir Philip Green, entered administration last November. As part of the deal, JD Sports would be ABG’s operating partner.
Fast fashion retailer Next is also expected to be a bidder for Arcadia’s assets. Offers will be due soon, according to Sky News, though the deal between ABG and JD Sports is “far from concrete,” sources told the publication.
ABG is one of the most aggressive licensing companies in acquiring bankrupt retailers in recent years. Its stable of brands include Brooks Brothers, Forever21 and Barneys New York.
Fast-growing start-ups like Hettas, Saysh and Moolah Kicks created sneakers designed specifically for active women. The sportswear giants are watching closely.
The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.