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What happened to Topshop?

Topshop, once a high street fashion giant, fell into administration in 2020 after struggling with online competition and the impact of the pandemic. Its owner, Arcadia Group, which also owned Burton, collapsed. ASOS, the online retailer, bought the Topshop brand in 2021, but the physical stores closed, ending an era for British retail.

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Questions this opens up

Who owned Arcadia Group? What is 'administration'? How did ASOS start?

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