Utilize the input text as a context reference, choose the right relationship between Topshop and Arcadia Group from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Myer needs more cash to reduce debt and invest in shifting more of its business online amid renewed competition from its rival David Jones following a 2014 takeover by South Africa’s Woolworths Holdings Ltd. Myer will buy 25 percent of Arcadia Group Ltd.’s Australian Topshop chain and look to reduce the total area of its store network by as much as 20 percent, according to regulatory statements Tuesday.

Answer: owned_by