ASOS Acquires Topshop and Affiliate Brands in $411 Million USD Deal
ASOS
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Description
ASOS is a UK-based e-commerce website launched by Nick Robertson in 2000. Operating purely online, ASOS sells clothes and beauty items targeted at those in their twenties. ASOS now sells over 80,000 branded and in-house products, epitomizing omni-channel retailing with both web and mobile shopping options. Apart from operating as an e-commerce site, ASOS also acts as a fashion blog with a monthly magazine, aiming to serve as a source for fashion inspiration and content for young people.
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Partnering with talented designer/photographer Gosha Rubchinskiy, ASOS has released its
The e-commerce retailer has also acquired the Topman, Miss Selfridge and HIIT brands.
Due to factory closures and an increased consumer demand for sweatpants, sneakers and more.
The fast fashion company has signed the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment.
The company’s shares have also fallen around 49 percent.
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The “boys’ club” mentality puts the entire movement in danger.
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