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Agenda-setting intelligence, analysis and advice for the global fashion community.

Fast Fashion’s M&A Frenzy, Explained

Amid a spending slowdown and steep competition, UK fast-fashion players including Asos and Frasers Group are selling off struggling brands.
Asos is considering a sale of Topshop, a one-time stalwart of the British high street, which it acquired in February 2021.
Asos is considering a sale of Topshop, a one-time stalwart of the British high street, which it acquired in February 2021. (Shutterstock)

In yet another blow to the UK’s once-thriving fast-fashion sector, Asos reported earlier this week that its annual sales fell 10 percent year-on-year, while losses widened nearly tenfold: from £32 million ($39 million) to £297 million.

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Further Reading

Why Shein Keeps Buying Its Rivals

The ultra-fast fashion giant’s latest acquisition of Missguided and a partnership with Forever 21 will grant it access to new customers and distribution channels.

How Uniqlo Finally Won Over Gen-Z

Its viral cross-body bag and other TikTok favourites have helped the brand catch the attention of younger consumers. Now, the retailer wants to open more stores in the US and Europe.

The Retailer That Finally Got Rental Right

Urban Outfitters has spent over $100 million building Nuuly, a competitor to Rent the Runway that stocks more casual clothing. Four years in, the service is growing fast, and its owner says it will soon be profitable.

About the author
Daniel-Yaw Miller

Daniel-Yaw Miller is a contributing writer at The Business of Fashion. Miller is a New York based journalist, editor and advisor who specialises in sports, fashion and business.

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