Online Fashion Retailer Asos Unveils Strategic Partnership, Offloads Topshop and Topman Majority Stake- Quick Synopsis

Online Fashion Retailer Asos Unveils Strategic Partnership, Offloads Topshop and Topman Majority Stake- Quick Synopsis
  • Asos Sells Majority Stake: Asos sold most of Topshop and Topman.
  • Heartland Takes Over: Heartland, a big retailer, now owns 75% of these brands.
  • Asos Focuses Online: Asos will focus on online selling.
  • Asos Still Involved: Asos will still help design and sell the brands.
  • Positive Future: The partnership with Heartland is good for both companies.

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