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Once the flagship brand of Britain’s Arcadia group, Topshop could change hands again and Shein is being touted as a possible buyer, though it faces stiff competition.
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Asos bought Topshop and a number of its sister brands such as Topman and Miss Selfridges for £265m back in 2021 after Arcadia plunged into administration.
Notice of the sale could be announced as soon as Wednesday in conjunction with the digital retailers full year results.