Retailer Next said on Thursday it had pulled out of the bidding as it was unable to meet the price expectations of the collapsed fashion chain.
ASOS is not holding any talks about buying Topshop stores, Sky News said, citing unnamed insiders. But it was also keen to acquire Arcadia s Miss Selfridge brand alongside Topshop and Topman, Sky said.
ASOS is competing against rivals including Boohoo Group , US retailer Authentic Brands Group, which is working with JD Sports Fashion, and Chinese fashion group Shein, the report added.
Arcadia went into administration in November, putting more than 13,000 jobs at risk and becoming Britain s biggest corporate casualty of the Covid-19 pandemic.
The email noted that companies had been waiting many months for licensing decisions, and with less than a week left in the administration, dealing with the denials was a challenge.
A spokesman for the semiconductor group did not respond to a request for comment.
Companies that received the intent to deny notices have 20 days to respond, and the Commerce Department has 45 days to advise them of any change in a decision or it becomes final.
Companies would then have another 45 days to appeal.
The US put Huawei on a Commerce Department entity list in May 2019, restricting suppliers from selling US goods and technology to it.
Amazon declined to comment on Mr Biyani s remarks. Reliance did not respond to a request for comment.
The Securities and Exchange Board of India (SEBI), the market regulator that has been reviewing the deal for months, did not respond to a request for comment.
SEBI and India s stock exchanges could still reject or take more time to approve the deal, which is critical for the survival of Future Retail, whose more than 1,700 outlets were hit hard by the Covid-19 pandemic.
Future Retail has warned that failure to close the deal could lead to the company s liquidation and job losses for more than 29,000 employees.