TOPSHOP in Newport will not re-open — and staff have bid goodbye to their customers.

A note on the window said: "This store is now permanently closed. Katie, Sam and all the team here at Topshop Topman Isle of Wight would like to say a massive heartfelt thank you to all of you for your custom and friendship over the years.

"Stay safe, best wishes and warmest regards."

It is believed 11 staff are going — and some have been working there for 20 years.

Topshop and three other Arcadia retail brands will permanently close stores, after Asos confirmed a £265 million takeover yesterday (Monday).

The online fashion retailer is buying Topshop, Topman, Miss Selfridge and HIIT.

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

Asos told investors it will take on around 300 employees as part of the deal, which will not include any of the brands’ stores.

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

In a desperate year for the UK retail sector, Arcadia Group was the biggest high street casualty of the pandemic, after appointing administrators, putting 13,000 jobs at risk.

At the time, the company admitted the forced closure of stores as a result of the Covid-19 pandemic had a “material impact on trading.”

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