Topshop is currently majority-owned by Heartland A/S , the investment company of the Danish Holch Povlsen family, which also owns the fashion group Bestseller. ASOS plc retains a minority stake in the brand through a joint venture structure.

Quick Scoop: Who owns Topshop now?

  • In 2021, ASOS bought Topshop, Topman and Miss Selfridge out of the collapsed Arcadia Group.
  • In September 2024, ASOS sold a 75% stake in the Topshop and Topman brands to Heartland A/S.
  • Heartland A/S is the holding and investment company for Anders Holch Povlsen and his family, who are behind the Bestseller group (brands like Jack & Jones and Vero Moda).
  • After this deal, Heartland became the controlling owner of Topshop, while ASOS kept a 22.5% stake and Nordstrom holds a small stake of just over 2%.

So in simple terms:

  • Majority owner / control: Heartland A/S (Holch Povlsen family / Bestseller).
  • Minority owner: ASOS plc (around 22.5%).
  • Small additional stake: Nordstrom (just over 2%).

What this means in 2025–2026

  • Topshop is no longer part of Philip Green’s Arcadia Group (that business collapsed in 2020–2021).
  • It operates as a joint-venture fashion brand with strategic direction led by Heartland and commercial collaboration with ASOS (online) and Nordstrom (US presence).
  • The brand has been gearing up for a physical comeback on the high street, including plans for a new flagship store and wider retail partnerships.

In forum-style discussions and trending coverage, you’ll usually see it summarized as:
“Topshop is now owned by the Danish Bestseller family’s investment company Heartland, with ASOS and Nordstrom as minority partners.”

Information gathered from public forums or data available on the internet and portrayed here.