Next pulls out of race to buy Topshop-brands in London, UK by Keith Mayhew / SOPA Images
Fashion chain Next has pulled out of talks to buy retail brands Topshop and Topman out of administration. It was thought to be the frontrunner to buy the brands. Up to 13,000 jobs were put at risk when Arcadia, which owns Topshop amongst others, went bust last November.
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