Asos frontrunner to buy Topshop, Topman and Miss Selfridge brands

Asos says it is in "exclusive" talks to buy Topshop, Topman, Miss Selfridge and HIIT brands out of administration.

But the online retailer said it only wanted the brands, not their shops, suggesting any deal would cost jobs.

The current owner of the brands, Sir Philip Green's Arcadia Group, fell into administration last November putting 13,000 jobs at risk.

Asos said it was "a compelling opportunity" to buy "strong brands that resonate well with its customer base".

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