Zara has made it clear that it's not headed to Middle America, USA, anytime soon. "The United States is a graveyard of European retailers," the company said recently. "Everyone who has gone there has struggled." Uniqlo reiterated that sentiment, saying the Japanese company is more likely to open a second shop in San Francisco before heading to Los Angeles, and definitely before heading to Chicago. But now Topshop will cautiously go where other fast-fashion chains across either pond won't....
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UK retailer Topshop to open first store in China
December 13, 2012
LONDON, Dec 13 (Reuters) - British fashion chain Topshop, part of the Arcadia retail conglomerate owned by billionaire Philip Green, will open its first store in China in May 2013, the company said on Thursday.
The high street retailer, which already...
Billionaire Green Said to Be in Talks to Sell 25% of Topshop
December 5, 2012
Philip Green, the billionaire owner of the Arcadia fashion business, is in advanced talks to sell a 25 percent stake in the Topshop and Topman chains to Leonard Green & Partners LP, said a person familiar with the matter.
The deal is scheduled to be...