Topshop is returning to the High Street. Part-owner Asos will launch a Topshop website later this year, and it has agreements with other retailers for them to sell the Topshop brand in their stores.
Boss Jose Antonio Ramos Calamonte said shoppers want the much-loved fashion label to ‘have its own presence’, and did not rule out standalone Topshop stores.
‘The time has come to come back, to be much more present with consumers in the UK, but also globally,’ he said.
Asos rescued the Topshop brand after it went into administration in 2020 with the closure of its 70 stores.
It has since sold a 75 per cent stake to its biggest shareholder, Danish billionaire Anders Holch Povlsen.
Asos sales fell 13 per cent to £1.3billion in the six months to March 2 as losses narrowed to £241.5million from £270million a year before but Calamonte said: ‘This first half is the strongest sign yet that our transformation strategy is working.’
Return: Asos rescued the Topshop brand after it went into administration in 2020. Now the brand is set to return to the High Street
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