British online retailer Asos will acquire Topshop and its sister brands Topman, Miss Selfridge and HIIT from parent company Arcadia Group for more than $400 million, in yet another sign of the rapid expansion of e-commerce as pandemic shutdowns continue to weaken brick-and-mortar retail. The London-based e-commerce site will buy $41 million of inventory from Arcadia’s brands, but won’t...
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The Weekend culture policy
Ban It, Divest It or Regulate It? Washington Looks for an Answer to TikTok
Hi, welcome to your Weekend!Interesting dinner table discussion this week: My 13-year-old daughter, hearing about Nancy Scola’s cover story on TikTok’s war in Washington, offered her prediction for what would happen if the U.S. took the drastic step of banning the app.“Every teenager in America would refuse to come out of their rooms,” she said. “They’d be so mad. They just wouldn’t go out...
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