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By 1989, the shop was an established name and had set up at a more elaborate premises on Mathew Street, but after changing hands with the Arcadia Group, Wade Smith eventually shut its doors in 2005.
Source: https://www.liverpoolecho.co.uk/news/nostalgia/legendary-liverpool-shop-a-right-27352825
In February 2021, Asos acquired four brands from beleaguered Arcadia Group Ltd, including UK high street staples Topshop and Topman.