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Topshop and Topman losses revealed before John Lewis move

Summary by City AM
Losses at the joint venture behind Topshop and Topman have been revealed ahead of the brand’s return to UK stores next year. The brands were sold by online clothing retailer Asos to a joint venture alongside Danish retail tycoon Anders Holch Povlsen’s Heartland in September 2024. Asos had previously acquired Topshop and Topman along with Miss Selfridge and HIIT in 2021  from Philip Green’s collapsed Arcadia group for £265m. Last month, it was an…
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City AM broke the news in London, United Kingdom on Tuesday, October 7, 2025.
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