• Asos acquires Topshop, Topman, Miss Selfridge brands

    Pic: Shutterstock Online fashion retailer Asos recently bought the Topshop, Topman, Miss Selfridge and HIIT brands from Sir Philip Green’s Arcadia group, which fell into administration last November, in a £295-million deal. Asos is acquiring the brands for £265 million and the stock by paying £30 million, but not the stores. The deal is likely to be completed on February 4. “The acquisition of these iconic British brands is a hugely exciting moment for Asos and our customers and will help accelerate our multi-brand platform strategy,” Asos chief executive Nick Beighton said in a statement. Aabout 300 people currently employed by the brands in design, buying and retail partnerships…