UK online fashion retailer buys Topshop, three other brands
Online retail company ASOS, confirmed Monday Feb. 1, 2021, it has sealed the takeover of Topshop and three other brands from the collapse of the Arcadia retail empire, buying the brand names but not the high street retail space. The deal, announced Monday, puts thousands of jobs at risk because Asos acquired the Topshop, Topman, Miss Selfridge’s and HIIT brands but none of their stores. AdArcadia struggled to respond to increased competition from low-cost rivals like Primark, as well as from online disrupters such as Asos and Boohoo. The four brands acquired in Monday’s deal posted sales of 1 billion pounds, Asos said. Boohoo, said last week it was in exclusive talks to buy three other Arcadia brands — Dorothy Perkins, Wallis and Burton — in a deal that also won’t include any stores.
Interest continues to grow in inaugural poet Amanda Gorman
Eric and Tess from Pasadena, Calif., enter the Skylight Book store, decorated with a poster of American poet Amanda Gorman, in Los Feliz neighborhood of Los Angeles Monday, Jan. 25, 2021. Public health officials said Monday that the state will return to a system of county-by-county restrictions intended to stem the spread of the virus. (AP Photo/Damian Dovarganes)NEW YORK – Within hours of Amanda Gorman's reading of the inaugural poem last week, bookstores were hearing from their customers. Gorman, who at 17 became the country's National Youth Poet Laureate, is a longtime Los Angeles resident who credits poetry with helping her work on a speech impediment. Gorman is by far the youngest of the poets to read at presidential inaugurations since Robert Frost was invited to John F. Kennedy's in 1961.