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Asos Deal Strips Stores from Topman, Topshop

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Asos purchased Topshop and Topman in a deal with bankrupt Arcadia that strips the so-called “crown jewels” of their store presence, further decimating Britain’s high streets and reshaping the future of fashion. Asos will acquire the brands, goodwill and inventory for 265 million pounds ($363.2 million), the fashion e-tailer said on Monday, in a deal…

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