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ASOS has confirmed a deal to buy Topshop as well as Topman and Miss Selfridge from Sir Philip Green’s Arcadia Group, multiple outlets report. This deal, according to those close to the purchase, is expected to close 70 shops permanently, with 2,500 retail staff at risk of redundancy. Some publications are also stating that the online retailer ASOS is paying £330million for the brands and leftover stock and has agreed to take on 300 people within the Arcadia Group business, including buyers and designers but some jobs will be at a risk as a result – although this has been the case since Arcadia went into administration last year. Communcation Communications around redundancies or potential job losses is crucial for employers to get right. Despite this, some Topshop workers have claimed that they found out about job losses online. For example, Sales Assistant Scarlet Rawson, told the Sun she discovered she had lost her job at Topshop and Topman from ASOS’ Twitter account – which detailed that the brands were now part of ASOS Group. Read more UK locations hit hardest by redundancy fears She explained: “…Everyone else had found out on that post, news or on the radio, nobody found
