ASOS plc has confirmed recent media speculation that it is in exclusive discussions with the Administrators of Arcadia over the acquisition of the Topshop, Topman, Miss Selfridge and HIIT brands. A representative for ASOS has said in a statement: "The board believes this would represent a compelling opportunity to acquire strong brands that resonate well with its customers base."

However, this is not yet confirmed and the spokesperson went on to say "at this stage, there can be no certainty of a transaction and ASOS will keep shareholders updated as appropriate. Any acquisition would be funded from cash reserves."