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Topshop and Topman launch 80% off sales as ASOS confirms closure of websites

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Arcadia's flagship brands Topshop and Topman have launched 80% off sales online as new owner ASOS prepares to close both websites down for good.

The fashion giant, which today confirmed it had bought the majority of Sir Philip Green's failed Arcadia empire, said Topshop will move to its new home on the ASOS website this week.

It comes as the boss of ASOS, Anders Holch Povlsen, confirmed it has bought both brands, as well as Miss Selfridge and HIIT in a deal worth £330million - with the deal set to be signed by Friday, February 5.

But the takeover doesn't include stores, which means all outlets will close, with 2,500 jobs at risk. The deal means the Topshop, Topman and Miss Selfridge websites will redirect to the ASOS website once the

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