If proof were needed of the scale of change underway in retail, it came this week as pureplays Asos and Boohoo swooped on two of retail’s most venerable high street names.
Asos, founded in 2000, is in exclusive talks to buy Arcadia brands including Topshop, founded in 1964 and a fashion trailblazer until it hit the wall under Sir Philip Green’s ownership.
Boohoo, launched in 2006, has acquired the brand, customer data and website of 240-year-old Debenhams in a £55m deal.
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