Shein mulls Topshop bid

7th November 2023

Shein has formally registered its interest in making an offer for Topshop.

It comes on the back of Shein’s acquisition of Missguided and intellectual property rights from Frasers Group last week for an undisclosed sum.

Asos snapped up Topshop for £330m back in 2021 from Sir Philip Green’s collapsed Arcadia retail empire.

It emerged late last month that Asos was considering selling Topshop as it looks to shore up its balance sheet after it posted a near-£300m loss in its last financial year.

Subscribe to Retail Gazette for free

A source told the Times that Shein would not be a preferred bidder for Topshop, adding that their sense “is the person leading the sale process [at Asos] is not keen on Shein”.

As the online giant looks to strengthen its fashion credentials, last month Shein extended its partnership with Forever 21 owner Authentic Brands to create a new sub-brand,

The move will see Chinese fast fashion giant design, manufacture and distribute a line of Forever 21 clothing and accessories including sportswear, activewear and swimwear.

Click here to sign up to Retail Gazette‘s free daily email newsletter

Fashion

Leave a Reply Cancel reply

Fashion

7th November 2023

Georgia Wright

Shein has formally registered its interest in making an offer for Topshop.

It comes on the back of Shein’s acquisition of Missguided and intellectual property rights from Frasers Group last week for an undisclosed sum.

Asos snapped up Topshop for £330m back in 2021 from Sir Philip Green’s collapsed Arcadia retail empire.

It emerged late last month that Asos was considering selling Topshop as it looks to shore up its balance sheet after it posted a near-£300m loss in its last financial year.

Subscribe to Retail Gazette for free

A source told the Times that Shein would not be a preferred bidder for Topshop, adding that their sense “is the person leading the sale process [at Asos] is not keen on Shein”.

As the online giant looks to strengthen its fashion credentials, last month Shein extended its partnership with Forever 21 owner Authentic Brands to create a new sub-brand,

The move will see Chinese fast fashion giant design, manufacture and distribute a line of Forever 21 clothing and accessories including sportswear, activewear and swimwear.

Click here to sign up to Retail Gazette‘s free daily email newsletter

Social

SUBSCRIBE TO OUR DAILY NEWSLETTER

ASOS’s Melissa Lim breaks down new AI Stylist app experience

02/06/2026 x 4:47 PM

Latest Feature

Interview: How Palmer’s 20-year logistics partnership is fuelling its European expansion

Palmer’s may be one of the most familiar names on the bathroom shelf, but behind the cocoa butter bottles is a surprisingly small UK operation.

ET Browne UK, which distributes the American family-owned skincare brand, has grown its sales while keeping its core team to fewer than 20 people.

Now, as a new Tahitian Vanilla range brings younger shoppers to the brand and the company looks to expand further into Europe, the pressure is falling on the supply chain to keep up.