Topshop and Topman Up for Grabs

  • Next withdraws from Arcadia Group acquisition race
  • Topshop and Topman valuation between £250m-£300m
  • Authentic Brands and Shein in the lead for acquisition
  • Arcadia’s brands up for grabs after collapse

Next has pulled out of the race to acquire Arcadia Group due to being unable to meet the price tag for Topshop and Topman, which were valued between £250m-£300m. Since Philip Green’s empire collapsed in November, international retailers have been vying for pieces of Arcadia. Last month, Deloitte administrators sold Evans, the group’s plus size fashion brand, to Australia’s City Chic for £23m. Authentic Brands and Shein are now believed to be leading the race, with plans to own Topshop, Topman, and Ms Selfridge brands and license them to JD Sports as a joint venture if they win the bidding war.

Factuality Level: 8
Factuality Justification: The article provides relevant information about Next withdrawing from the race to acquire Arcadia Group and mentions the current state of the bidding process involving Authentic Brands and Shein. It also includes details on the valuation of Topshop and Topman, as well as recent sales of other brands under Arcadia. However, it could provide more context about Philip Green’s empire collapse and the overall situation of Arcadia Group.
Noise Level: 4
Noise Justification: The article provides relevant information about the withdrawal of Next from the race to acquire Arcadia Group and updates on the ongoing bidding process involving other retailers. It does not contain any irrelevant or misleading information, but it could provide more in-depth analysis and context about the situation and potential consequences for the involved parties.
Financial Relevance: Yes
Financial Markets Impacted: Arcadia Group, Topshop, Topman, JD Sports, Authentic Brands, and other involved companies
Financial Rating Justification: The article discusses the acquisition of Arcadia Group’s brands by various retailers, which impacts the financial markets as it involves significant amounts of money and affects the value of these companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.retailsector.co.uk