Arcadia administrators seeking bids of £200m for Topshop

Arcadia administrators seeking bids of £200m for Topshop
Deloitte are reportedly looking to receive initial bids by the end of next week.
// Sources say administrators overseeing the sale of Topshop will look for a deal up to £200m
// Frasers Group and Boohoo could be potential bidders for the fashion retailer

Administrators at Deloitte are looking for bids of up to £200 million for Topshop, according to The Guardian.

Deloitte is expecting to see initial bids for the fashion retailer filed by the end of next week, with several sources cited by The Guardian saying administrators would look for as much as £200 million for Topshop.

Arcadia Group’s brands were valued at £800 million in January by consultancy Brand Finance, with Topshop alone accounting for almost £400 million.


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However, since falling into administration, Brand Finance estimated that Arcadia Group’s brands could now be worth just half their value.

Boohoo Group is one of the major players expected to be linked to a prospective deal, while Mike Ashley’s Frasers Group confirmed it was considering purchasing Topshop, stablemates alongside Dorothy Perkins and Burton.

Speaking to BBC News on Thursday, Frasers Group’s chief financial officer Chis Wootton said that despite the firm’s interest in Sir Philip Green’s retail empire, “the process has only just started so there’s a long way to go”.

Joint administrators Daniel Butters and Gavin Maher were drafted in on November 30 to manage Arcadia Group, which owns Topshop, Burton, Dorothy Perkins and Evans among others.

Arcadia’s collapse into administration affected over 13,000 jobs, with suppliers reportedly left in the dark on whether they will receive any money owed to them.

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1 COMMENT

  1. I hope Boohoo gets it as Topshop used to be like Boohoo and New Look and Boohoo doesn’t have a physical presence the same way. Reduce the stores then the rents. Dorothy Perkins and Burton to go separate and Evans should go to Simply Be it would make sense. There’s so many fewer Evans stores to get to and their clothes aren’t fitting like they used to! size 18-20 nighties not fitting yet their old ones from even last year do! Loads of plastic bags terrible! not making any slippers,bras, socks, wellies or dressing gowns so go to Yours Clothing who make them no wonder Evans has lost customers plus still being expensive as well as badly made. If it went to catalogue only the staff could become couriers and deliver and be able to deliver to people times of day that suits them also create more jobs with different uses for buildings such as cheaper homes. The shops also have poor carbon and not got solar panels. Change the environmental aspects make more clothes in the UK nearer saving on transport Yours makes British stuff I don’t think much of anything is made in Arcadia in the UK. Brexit also shows we need to change fashion suppliers to avoid tariffs. It would save miles of transport which is disruptive and tiring. Help the environment too.

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