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Bestseller owner snaps up majority stake in Drake’s

Anders Holch Povlsen, the owner of Danish fashion giant Bestseller Group and the largest shareholder of e-commerce retailer Asos, has snapped up a majority stake in British menswear brand Drake’s. New Companies House filings have revealed that a 75 percent stake in Drake’s has been transferred to 28.10.2025 Limited, a firm overseen by Povlsen....

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Business

Topshop relaunch on horizon: What to expect from the once prevalent high street brand?

Topshop and Topman (TSTM), once known for their trend-driven, high street-boosting formula, could be on the way to reclaiming this status under the watchful eye of a new majority owner and industry veterans. Its hint of a “return” via social media, after years of operating solely under the scope of Asos’ own e-commerce site, has sparked renewed...

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