Topman is a UK-based multinational men's fashion retail brand founded by Burton Group (later renamed

Arcadia Group Arcadia Group Ltd (formerly Arcadia Group plc and, until 1998, Burton Group plc) was a British multinational retailing company headquartered in London, England. It was best known for being the previous parent company of British Home Stores (BH ...

) in 1978. Along with its women's clothing counterpart Topshop and the rest of

, Topman went into

administration Administration may refer to: Management of organizations * Management, the act of directing people towards accomplishing a goal ** Administrative assistant, Administrative Assistant, traditionally known as a Secretary, or also known as an admini ...

in late 2020. All high street stores subsequently closed and the brand was purchased by ASOS on 1 February 2021, relaunching as an online-only retailer.

Arcadia Group financial problems

In May 2019, the

BBC #REDIRECT BBC #REDIRECT BBC #REDIRECT BBC Here i going to introduce about the best teacher of my life b BALAJI sir. He is the precious gift that I got befor 2yrs . How has helped and thought all the concept and made my success in the 10th board ex ...

and ''

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'' both reported that, after its parent company Arcadia Group filed for

bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor ...

, Topshop would close all 11 of its U.S. stores, including Topman. Apparel would be distributed digitally and through other wholesale partners, such as Nordstrom.

Administration

In the UK, Arcadia Group went into

at 8pm GMT on 30 November 2020. On 25 January 2021, ASOS said it was in "exclusive" talks to buy Arcadia's Topshop, Topman, Miss Selfridge and HIIT brands out of administration, though it only wanted the brands, not the shops. A consortium including

Next Next may refer to: Arts and entertainment Film * ''Next'' (1990 film), an animated short about William Shakespeare * ''Next'' (2007 film), a sci-fi film starring Nicolas Cage * '' Next: A Primer on Urban Painting'', a 2005 documentary film Lit ...

had earlier dropped a bid to buy Topshop and Topman; interest in Arcadia operations had also been expressed by Mike Ashley's Frasers Group, a consortium including

JD Sports JD Sports Fashion plc, more commonly known as JD Sports or JD, is a British sports-fashion retail company based in Bury, Greater Manchester, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. Pentlan ...

, and online retailer Boohoo. On 1 February 2021, ASOS announced it had acquired the four Arcadia brands out of administration for £265 million, paying an additional £65 million for current and pre-ordered stock. ASOS will keep 300 employees on as part of the deal but will not keep any of the brands' 70 stores, putting 2,500 jobs at risk. They plan to relaunch in May 2021.

Products

Topman was nominated for the 'Menswear Design of the Year' award by the British Fashion Council, winner of 'Best Fashion Retailer' at the '' Maxim'' Style Awards for 2005 and winner of 'Best High Street Retailer' at the 2007 '' FHM'' Fashion and Grooming awards. In 2008, Topman collaborated with new label

The Look Presents The Look Presents is a fashion label created by author Paul Gorman as a spin-off from his book The Look: Adventures In Rock & Pop Fashion. The Look Presents was available through British retailer Topman with three collections in 2008-10: T-shirts ...

, the creation of rock-fashion author

Paul Gorman Paul Gorman is a writer whose journalism has appeared in many of the world's leading publications. He has also published several books on art, design, fashion, media and music and curated exhibitions in Europe and the US. Journalism From 1978, ...

and Soho boutique owner, Max Karie, to launch 'the Look Presents'. In 2011, Topman worked closely with Teenage Cancer Trust. The company worked in collaboration with children from the charity to produce a range of sunglasses designed by them whilst supporting the 'Rock your Shades' campaign in May 2011.

References

{{Reflist

External links

Official website
2021 disestablishments in the United Kingdom 2021 disestablishments in England 2021 mergers and acquisitions Clothing retailers of the United Kingdom Retail companies disestablished in 2021 Retail companies established in 1978 Companies that filed for Chapter 11 bankruptcy in 2020