Online Retailers Buying High Street Brands While Losing Bricks And Mortar Shoppers

Online Retailers Buying High Street Brands While Losing Bricks And Mortar Shoppers

ASOS has just relaunched Topshop on its website after rescuing the brand in a £295million deal, which saw administrators to the collapsed parent group Arcadia close down the Topshop website and its shops. The relaunch will be exclusive to ASOS, with the online retailer hoping to drum up demand with a large number of Topshop’s former followers. It’s the latest ecommerce retailer to snap up a major high street name, after boohoo swooped for the Dorothy Perkins, Wallis and Burton brands, and Debenhams, Karen Millen and Coast’s online operations and brands respectively. But with so many well-known brands becoming online-only […]