ASOS DEAL: Uncertain Future For Employees At 11 Sussex Arcadia Stores

Monday, 1 February 2021 12:06

By Charlotte Baker @Ch4rtweets

Jobs are at risk at eleven Arcadia stores in Sussex after ASOS agreed to buy Topshop, Topman and Miss Selfridge - but not the 70 UK stores, employing 2,500 people.

Employees face an uncertain future after the online retailer excluded the stores from its £330m offer for the brands.

The deal, including leisurewear brand HIIT, is expected to be completed later this week.

ASOS told Sky News:

"These are strong brands that resonate well with our core customer base."

The move follows the collapse of Sir Philip Green's Arcadia retail empire late last year.

According to Sky News, around 300 employees will transfer to the new owners but it spells a bleak future for those working in the stores, which are all expected to close permanently.

ASOS Chief executive Nick Beighton told Sky News:

"We are extremely proud to be the new owners of the Topshop, Topman, Miss Selfridge and HIIT brands.

"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."

Stores in Sussex:

Topshop Brighton at Churchill Square Shopping Centre

Topman Brighton at Churchill Square Shopping Centre

Topshop Eastbourne at The Beacon

Topman Eastbourne at The Beacon

Topshop Worthing in Montague Street

Topman Worthing in Montague Street

Topshop Chichester in East Street

Topman Chichester in East Street

Topshop Crawley at The Martletts

Topman Crawley at The Martletts

Miss Selfridge Crawley at County Mall

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