ASOS confirmed it has bought both brands. ASOS has also acquired Miss Selfridge and HIIT from Sir Philip Green’s Arcadia Group in a deal worth a staggering £330million.However, the takeover doesn’t include any of the brand's stores, meaning 70 shops are expected to shut forever.This will put approximately 2,500 retail jobs at risk.The deal also means the Topshop, Topman and Miss Selfridge websites will redirect to the ASOS website once the takeover is complete.According to reports, the redirect will happen from Thursday, February 4, or Friday, February 5, with ASOS set to be the "permanent home" for the brands.
Read more on dailystar.co.uk