RE: Europe flat to higher premarket with PMI reports in focus23 Sep 2025 12:12
Strange Hexam, this looks very much like a £180m overall valuation to me. Care to explain why it isn't?
Why sell Topshop?
Many are probably scratching their heads at the decision to offload Topshop and Topman, and seemingly at a discount to what it paid for the businesses just three years ago.
Heartland will pay £135m for a 75% stake in the brands, with Asos holding the remaining 25%, substantially less than the £265m the online retailer paid for the pair in 2021 – although that figure did also cover its Miss Selfridge and HIIT acquisitions.