ASOS has sold a 75 per cent stake in Topshop and Topman to Heartland for £135 million ($177.28 million), retaining a 25 per cent interest.
The deal will net ASOS £118 million ($154.96 million).
It also unveiled a refinancing plan, offering £250 million ($328.30 million) in Convertible Bonds while repurchasing part of its £500 million ($656.60 million) bonds.
The deal will net ASOS £118 million ($154.96 million).
It also unveiled a refinancing plan, offering £250 million ($328.30 million) in Convertible Bonds while repurchasing part of its £500 million ($656.60 million) bonds.
