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ASOS Close to Deal to Buy Topshop, Miss Selfridge for $411 Million

ASOS Close to Deal to Buy Topshop, Miss Selfridge for $411 Million

Saturday, 30 January, 2021 - 18:30
Topshop's parent company Arcadia was placed into administration in November last year, putting more than 13,000 jobs at risk. (Getty Images)

British online fashion retailer ASOS is on the verge of a deal to buy Topshop and Miss Selfridge from the administrators of British tycoon Philip Green’s Arcadia Group for almost 300 million pounds ($411 million), Sky News reported.


ASOS could announce a deal as early as Monday, Sky said.


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.


ASOS and the administrators of Arcadia were not immediately available for comment.


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