is set to complete its acquisition of Nasty Gal as no other qualifying bids for the retailer have been received.

The online retailer, which offered $20m (£16m) to acquire the US brand in December, has confirmed that no other qualifying bids have been received for the intellectual property assets and customer databases of the business.

The fast-fashion etailer expects to receive the ruling on the acquisition of Nasty Gal from the US Bankruptcy Court this week.

If it is approved, Boohoo anticipates that it will complete the acquisition by the end of the month.

The fashion etailer, which snapped up in December, will finance the purchase of Nasty Gal through a combination of existing cash resources and a new bank debt facility.

The US brand filed for Chapter 11 Bankruptcy in November after making a $21m loss after tax and operating costs in the year to February 1.

However, if Boohoo wins approval from the US Bankruptcy Court it would not take on any operating costs for the business.