ASOS completed the acquisition of Topshop, Topman, Miss Selfridge and HIIT brands from Arcadia for $364m.

ASOS, a global, internet, fashion, retail platform, completed the acquisition of Topshop, Topman, Miss Selfridge and HIIT brands from Arcadia, a company that manages fashion retail stores and outlets, for $364m. “We saw this as a compelling opportunity to acquire four really iconic British brands, brands that we know resonate really well with our existing core customers. These brands grew at over 40% in our first four months of the (2020-21) year, so we know they work well, we know our customers love them. They’re an acceleration to our existing strategy,” Nick Beighton, Asos CEO.