Clothing & Shoes
Asos acquires Topshop and Miss Selfridge for £265m
The transaction will lead to the closure of all Topshop sites, and see the Arcadia brands brought in-house, with an aim to transform them into ‘digital first’ labels
Asos has confirmed it has acquired the Topshop, Topman, Miss Selfridge and HIIT brands for a total of £265m, following mass speculation that the Arcadia brands would be snapped up by the online retailer.
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