Slaughter and May and Freshfields Bruckhaus Deringer are advising on online clothing retailer ASOS’ bid to purchase a clutch of well known brands, including Topshop, from ailing high street giant Arcadia, according to people close to the matter.
ASOS confirmed in a statement on Monday that it is “in exclusive discussions with the administrators of Arcadia over the acquisition of the Topshop, Topman, Miss Selfridge and HIIT brands” but that “at this stage, there can be no certainty of a transaction”.
