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ASOS buys Topshop, Topman and Miss Selfridge closing 70 shops forever with 2,500 jobs at risk
1 Feb 2021, 7:27
Updated: 1 Feb 2021, 14:09
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ASOS has bought Topshop, Topman and Miss Selfridge from Sir Philip Green s Arcadia Group in a deal that is expected to close 70 shops forever.
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ASOS has confirmed a takeover of Arcadia brandsCredit: Alamy
ASOS is paying £330million for the brands plus leftover and future stock, with the takeover also including leisurewear range HIIT.
But the deal doesn t include the physical shops, which means 2,500 retail staff are at risk of redundancy.
ASOS has agreed to take on 300 people within the Arcadia Group business, including buyers and designers. ....

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