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Daily Mirror
Daily Mirror
Business
Levi Winchester

Asos ‘to cut jobs at Topshop, Topman and Miss Selfridge’ months after Arcadia takeover

Asos is reportedly set to cut almost 40 jobs at Topshop, Topman and Miss Selfridge.

Staff in buying, design and merchandising roles are said to be in line for the redundancies, according to business and retail magazine Drapers.

Asos is said to have informed affected staff of the plans on Wednesday, June 23, with a consultation due to start next month.

It’s claimed 38 people will be affected by the job cuts. Asos declined to comment on the reports when asked by The Mirror today.

The news of apparent redundancies comes after 300 members of staff were moved across to Asos after the online retail giant purchased Topshop, Topman, Miss Selfridge and HIIT from Sir Philip Green’s failed Arcadia empire for £265million.

Are you affected by these job cuts? Get in touch: Mirror.Money.Saving@mirror.co.uk

Miss Selfridge roles are also said to be in the firing line (Ian Cooper / Teesside Live)
ASOS snapped up Topshop, Topman, Miss Selfridge and HIIT for £265million (Getty Images)

Asos also paid a further £30million for existing stock and £35million for stock on order.

But the deal didn’t include any of its 70 physical stores or 2,000 employees that worked in retail.

Topshop, Topman, Miss Selfridge and HIIT have since been moved to the Asos website, which is the only place where customers can now shop these clothes.

Other Arcadia brands that have been snapped up since its collapse include Dorothy Perkins, Wallis and Burton, which were purchased by Boohoo for £25.2million.

Again, the deal didn’t include physical stores - leaving 214 stores to permanently close and 2,450 jobs axed immediately.

Arcadia Group fell into the hands of administrators on November 30, under the weight of a £750million debt pile following the coronavirus crisis.

But the Group was struggling before the pandemic hit, and narrowly avoided going under in 2019.

The business was saved from the brink by Sir Philip's wife and registered Arcadia owner Lady Tina Green after she agreed to bail him out by pumping another £50million into the company.

At the time of falling into administration, Arcadia Group owned 444 stores in the UK and 22 shops internationally.

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