Next could be a potential frontrunner in the buyout of TopShop owner Arcadia Group.
According to a report by The Sunday Times, the British clothing, footwear, and homeware retailer is bidding for Sir Philip Green’s Arcadia Group in partnership with US hedge fund Davidson Kempner.
But Next is not the only bidder, in December it was reported Primark and Authentic Brands Group were just two of 40 parties interested in bidding for parts of Green’s retail empire.
More recently it’s been reported that Authentic Brands, the New York based brand management company which has Juicy Couture in its portfolio, has been in talks about a potential joint bid for the retail empire with JD Sports.
Billionaire Mike Ashley’s Frasers Group has also indicated that it is interested in buying some of Arcadia’s most iconic brands, including TopShop.
Last year River Island was also identified as a potential bidder.
At the end of last year it was reported that Arcadia administrator Deloitte were seeking bids of up to £200 million for TopShop.
The forced closure of stores across the Arcadia group as a result of COVID-19 restrictions had a significant impact on the group last year.
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
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