Published:
3:12 PM February 1, 2021
Updated:
5:12 PM February 1, 2021
A man walks past the former Topshop flagship store at Oxford Circus, London.
- Credit: KIRSTY O CONNOR/PA WIRE
Topshop stores across Suffolk and north Essex will not reopen when the lockdown ends after ASOS bought the fashion brand.
The stores located in Ipswich s Sailmakers shopping centre, the Arc shopping centre in Bury St Edmunds and in Colchester s Lion Walk Shopping Centre will close after the online giant purchased Topshop s brand, stock and intellectual property but not its 70 stores.
ASOS paid £330million for Topshop, Topman, Miss Selfridge and HIIT. The funds will go to the creditors of the former Arcadia group.