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US private equity house in talks to acquire Topshop for £250 million

5 Dec 2012 12:00 AM | Anonymous

US private equity house Leonard Green & Partners have entered into talks with business entrepreneur Sir Philip Green to acquire at 25 percent stake of Topshop for £250 million.

Topshop is part of a group of businesses including Dorothy Perkins and Miss Selfridge which makes up the Arcadia empire owned by Sir Philip.

Sources in retail have speculated that the deal could be confirmed by as soon as Thursday thisweek.

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