Heyday: At its height Topshop could call on the likes of Kate Moss, pictured, to model its clothes
Chinese giant Shein has been touted as the front-runner to buy Sir Philip Green’s embattled Arcadia Group.
The fast-fashion giant was a late entrant to the race but sources said it had put in the strongest offer. Seven bids were received yesterday evening for Arcadia’s assets, which include Topman, Topshop, Miss Selfridge, Dorothy Perkins and Burton. The source said: ‘Shein have the deepest pockets – it will be hard to say no.’
Founded in 2008 by Chris Xu, the Chinese group has become the biggest online fashion brand in the world and is the third most visited fashion site in the UK behind Next and Asos.
Other hopefuls include Next, which has made a bid with US hedge fund Davidson Kempner.
