Asos considers restructuring teams across Arcadia brands

Asos Arcadia
Asos is now considering rationalising the headcount at Arcadia brands
// Asos is looking at options to rationalise the headcount at Arcadia brands
// The online fashion retailer bought the brands for £265m in February

Asos has reportedly considered restructuring the teams working across its Arcadia brands.

The online fashion retailer bought Arcadia’s Topshop, Topman, Miss Selfridge and HIIT brands for £265 million back in February.

It remains unclear as to what the proposal entails or how many roles could be affected.

READ MORE: Arcadia continues selling off furniture to raise cash for creditors

At the time of Arcadia’s purchase, around 300 employees across design, buying and retail partnerships transferred to Asos.

Asos is now considering rationalising the headcount, Drapers reported.

Last month, Topshop’s Oxford Street flagship store launched a sale process with a £420 million price tag.

The building, which was valued at £500 million two years ago, is being advertised as an opportunity to introduce a “new age retail concept”.

The sale process – named Project Infinity – is led by real estate adviser Eastdil Secured on behalf of KPMG, which was appointed administrator to Redcastle 214 – the company that held the building when Arcadia collapsed in December.

The first £311.6 million of any sale will go to private equity firm Apollo, which lent against the building in 2019, with further proceeds going to Arcadia’s pension scheme.

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