JD Sports joins bidding race for Topshop

JD Sports is reportedly looking to join forces with US-based Authentic Brands to swoop in on Topshop and buy it out of administration from Sir Philip Green’s Arcadia Group.

According to Sky News, Authentic Brands – which owns Forever 21 and New York department store Barneys – is in early-stage discussions with the British retail company about becoming operating partner if its bid for Topshop is successful.

JD Sports itself has not make an offer for any of Green’s former assets across Arcadia Group, which fell into administration last October, but the firm reportedly has a good working relationship with Authentic Brands.

 

Source: retailgazette