Topshop Malta

Following the news that the giant in online fashion, Asos, has bought the now-defunct Arcadia Group’s Topshop and Topman brands, the local franchisee for the brands, Dorkins Ltd, has confirmed that no changes are to be expected for the foreseeable future to Malta’s outlets.

“Business as usual,” commented Christine Pace, Managing Director of Dorkins Ltd when asked whether local fashion consumers can expect closure or a change to the local Topshop and Topman outlets.

Asos has also bought the Miss Selfridge brand, however, at the time of writing, the local franchisee has failed to respond as to whether any changes to the local Miss Selfridge can be expected.

Topshop’s parent company, Arcadia Group, fell into administration last November. The flagship Oxford street store is now on the market

In addition to the Topshop and Topman brands being bought out by Asos, other brands Dorkins represents in Malta, Dorothy Perkins and Wallis, are both in talks with fast-fashion online retailer Boohoo to be bought out.

Dorothy Perkins Malta

Topshop, Topman, Miss Selfridge, Dorothy Perkins and Wallis were owned by Sir Philip Green’s Arcadia Group, which collapsed into administration in November 2020.

Traditional brick-and-mortar retail business models had already experienced troubles prior to the pandemic, however, COVID appears to have pushed the once major fashion group over the edge.

Related

euros money

Inflation continues downward trend

May 23, 2024
by Robert Fenech

Annual inflation rate dropped to just 1.6% in April 2024

‘Training and consultancy are crucial for the future of family businesses’ – Dr Joseph Gerada

May 22, 2024
by Sarah Muscat Azzopardi

The Family Business Office Regulator shares recent milestones and what we can expect in the months to come

MFSA urges to financial institutions to clearly list their payment accounts services, terms and fees

May 21, 2024
by Anthea Cachia

Financial institutions were assessed through 50 online or offsite interactions