Arcadia: A branch of Topshop (credit: PA Wire) TOPSHOP is among four brands that have been formally taken over by online fashion retailer Asos, it has been announced. Asos has bought Topshop, Topman, Miss Selfridge and HIIT from administrators following the collapse of Arcadia - the deal comes to a total of £265million. Until recently, Topshop had a presence in Newport, at Friars Walk and as part of the Outfit store at Newport Retail Park. But the Friars Walk store closed last March, shortly before the first coronavirus lockdown. And last month it was announced by administrators for Sir Philip Green's Arcadia empire that Outfit stores are to close.