February 2021

Online fashion retailer Asos has snapped up Arcadia's Topshop, Topman, Miss Selfridge, and HIIT brands and stock for £330 million - but its high street stores aren't included in the deal and will close for good. Here's what it means for shoppers, including your gift card and return rights.  The news comes after Sir Philip Green's Arcadia Group, which operated 444 stores across the UK under its Burton, Dorothy Perkins, Evans, Miss Selfridge, Outfit, Topman, Topshop and Wallis brands, announced it had collapsed into administration in December 2020 due to the pandemic "severely impacting" sales.  Stores had continued to trade in the meantime, despite Deloitte being appointed as administrator for the retail empire, though they later temporarily closed when stricter coronavirus lockdown measures were imposed across the UK.  In a similar move, online retailer Boohoo purchased Debenhams' brand and website just last week after the department store chain also fell into administration. The sale means all 118 of Debenhams' UK stores will close for good. For general info on what you can do to try to reclaim cash from a firm in administration if things go wrong, see our Administration Help guide.