On Monday, fashion retailer ASOS confirmed rumours that it would, in fact, be purchasing Arcadia Group’s brand lineup, including millennial fashion favourite Topshop, as well as Topman, Miss Selfridge, and HIIT. “Topshop & Topman are now part of the ASOS family,” the UK-based fast-fashion brand wrote in a tweet early on Monday morning. “We can’t wait to bring these iconic British brands into a new era.”
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According to a release obtained by Refinery29, the acquisition cost ASOS £265 million with an additional £30 million paid for Arcadia Group’s stocks. Not included in the deal are
