ALL TOPSHOP, Topman and Miss Selfridge stores will shut with thousands of jobs axed, it has been reported.

The news comes after ASOS confirmed it had sealed the takeover of Topshop, Topman, Miss Selfridge and HIIT from the collapse of the Arcadia retail empire for £265 million.

The online fashion retailer told investors on Monday morning that it will take on around 300 employees as part of the deal, but this does not include any of the brands' stores.

The Mirror has reported that this means all stores will close their doors for good with at least 2,500 retail jobs lost.

Topshop has officially closed in Blackburn

Topshop has officially closed in Blackburn

There is a flagship Topshop store in Brighton's Churchill Square shopping centre, as well as sites in Worthing, Crawley, Eastbourne, Chichester and Horsham.

Most sites are listed online as being "temporarily closed" during lockdown, however the Horsham site is described as being "permanently closed".

The Argus has contacted the Arcadia group for comment on the future of all of the Sussex Topshop stores.

Administrators for Sir Philip Green's retail group said Asos has paid an additional £65 million for current and pre-ordered stock.

Arcadia collapsed into insolvency at the start of December after pandemic closures further exacerbated the group's troubles.

Last week, Boohoo said it was in exclusive talks to buy the Dorothy Perkins, Wallis and Burton brands in a move which will also not include any stores.

Asos said its acquisition of the four brands will "resonate" with its core customer base of "20-somethings" in the UK.

It said it expects the deal to complete later this week, adding that it will also see £20 million worth of one-off restructuring and transaction costs.

Topshop on Oxford Street in London is for sale

Topshop on Oxford Street in London is for sale

Asos chief executive Nick Beighton said: "We are extremely proud to be the new owners of the Topshop, Topman, Miss Selfridge and HIIT brands.

"The acquisition of these iconic British brands is a hugely exciting moment for Asos and our customers and will help accelerate our multi-brand platform strategy.

"We have been central to driving their recent growth online and, under our ownership, we will develop them further, using our design, marketing, technology and logistics expertise, and working closely with key strategic retail partners in the UK and around the world."