Asos buys Topshop and three other brands from Arcadia collapse

Asos has bought the Topshop, Topman, Miss Selfridge and HIIT brands from the collapsed Arcadia empire (Jane Barlow/PA)

Asos has confirmed it has sealed the takeover of Topshop and three other brands from the collapse of the Arcadia retail empire for £265 million.

The online fashion retailer is buying Topshop, Topman, Miss Selfridge and HIIT.