Latest news with #Topshop
Forbes
3 hours ago
- Business
- Forbes
Bosses Pledge To Topshop Store As U.K. Fashion Icon Plots Return
After four years away, a Topshop store could be back on main street by August as the famous U.K. fashion retailer plans a return to bricks and mortar. The once hugely successful fashion brand, which was founded in 1964, had more than 500 stores across the world at the peak of its fame and was one of the most prominent names on the British high street. Topshop was one of the powerhouses of the global apparel world in the late 1990s and early 2000s and was the flagship of Sir Philip Green's all-encompassing Arcadia empire, with stores worldwide including on Fifth Avenue, New York. The company's global flagship on the junction of Regent Street and Oxford Street in the heart of London's West End was a huge draw for shoppers of all ages and Topshop became the queen of cheap chic. Its iconic flagship was recently reopened as an urban IKEA store by the Swedish giant. However, since its stores closed in 2021, the retailer has focused on selling its apparel via the likes of online retailer Asos and through pop-ups. In September last year, Asos sold a 75% stake in Topshop and Topman to the Heartland, an arm of Bestseller. Asos sold the majority stake in the business for $178 million to the Danish fashion business controlled by the major Asos shareholder Anders Povlsen, who already owns popular European retail brands including Jack & Jones and Vero Moda via his Bestseller business. The deal helped it repay debts and at the time there were rumors that the deal could see the brand return to the high stree. Asos acquired Topshop with other brands just over three years prior for nearly $435 million. Last month, Topshop hosted a pop-up event at Defected Records in East London, which drew in huge crowds and bosses have now said that the overwhelming reaction from the public has led to discussions about the brand's future. Speaking to Drapers about future plans for physical stores, Topshop managing director Michelle Wilson said that it was something that the company had been working on 'all the time' and confirmed that the retailer will have a permanent store presence 'at some point'. Wilson said: 'In the shorter term that will be something with partner support and in the longer term we will do something standalone.' She added that the return of Topshop will begin through working with wholesale partnerships from this August, before relaunching standalone stores. Much of the excitement surrounding the relaunch has been shaped by the brand's own social media. 'We promised on socials that we would be there in August,' said Wilson. 'We have something planned in August to bring Topshop back into real life again, with a more semi-permanent presence than the one-day pop-up.' Wilson was appointed managing director of the apparel brands Topshop and Topman in February, along with Moses Rashid, founder of sneaker resale site The Edit Ldn, who became global marketing director. First part of Sir Philip Green's Arcadia Group, the Topshop and Topman brands were snapped up in 2021 by Asos, alongside Miss Selfridge, after Topshop fell into administration in late 2020 as part of the collapse of Green's retail group as the disgraced former retail guru saw his business empire fall apart. Asos retained a 22.5% stake and its Topshop partner, the Seattle-based department store group Nordstrom, which owns just over 2% of the business, with Heartland controlling the remainder. Heartland is an investment and holding company representing the interests of the Holch Povlsen family, and their family business Bestseller, and it completed the deal through its subsidiary Aktieslskabet, pledging to look at the viability of a Topshop store.
Wales Online
4 hours ago
- Business
- Wales Online
Major Topshop announcement on shock high street return
Major Topshop announcement on shock high street return There was a pop-up store last month which drew big queues of shoppers, and that sparked an idea Beloved fashion retailer, Topshop, will be coming back to the high street (Image: undefined via Getty Images ) After dipping its toe back into the world of physical retail with a pop-up event last month, Topshop is officially planning a more lasting return. The brand's managing director has confirmed that physical stores are back on the cards - with a permanent presence set to launch "at some point" in the future. This follows the success of Topshop's pop-up shop at Defected Records in East London, which drew long lines of shoppers keen to see Topshop's revival. After the fall of Sir Philip Green's Arcadia Group, ASOS acquired Topshop in 2021, along with Miss Selfridge, for a total of £330 million. This deal did not include the high street shops, leading customers to turn to ASOS's online platform to buy products from these brands, reports the Mirror. Subsequently, in September, 2024, ASOS offloaded a 75% share in Topshop and Topman to Heartland, owned by Danish billionaire Anders Holch Povlsen, for approximately £135 million, forming a joint venture. For money-saving tips, sign up to our Money newsletter here ASOS announced its intention to reintroduce the websites, and aiming for the sites to be operational by August this year. Article continues below In conversation with Drapers regarding the future of physical outlets, Topshop managing director Michelle Wilson said: "That's something that we're working on all the time." She elaborated that the initial phase would involve partner support, while later plans included opening standalone stores. Ms Wilson further disclosed that Topshop's resurgence would commence with wholesale partnerships starting this August, setting the stage for the eventual launch of independent stores. Article continues below She revealed: "We have something planned in August to bring Topshop back into real life again, with a more semi-permanent presence than the one-day pop-up." While no dates are locked in just yet - or where these stores will be - it's a promising sign for fans hoping to see Topshop return to the high street.
Daily Mail
7 hours ago
- Business
- Daily Mail
Topshop boss confirms standalone shops are coming back
Topshop has confirmed it plans to open bricks and mortar shops across Britain as its revival gathers pace. Michelle Wilson, managing director at Topshop and Topman, told Drapers that the brand has 'something planned' for August and beyond. Topshop hosted a one-day pop-up event in Shoreditch, London earlier this year, called 'Topshop In The House'. The one-day pop up was a collaboration with Defected Records and marked Topshop's first physical event in four years. Wilson said this week: 'We have something planned in August to bring Topshop back into real life again, with a more semi-permanent presence than the one-day pop-up. 'In the shorter term that will be something with partner support and in the longer term we will do something standalone.' She said that Topshop and Topman would return to the high street in autumn via one wholesale partner. Wilson told Drapers: 'I'm excited to see Topshop back in person. I think the partner that we are collaborating with is an incredible partner. 'I think it will surprise a few people. I'm looking forward to the day that we launch that and seeing people's reaction and excitement.' However, Wilson stressed that the brand was not seeking to recreate what it had in its heyday, but was looking to build a presence, both in bricks and mortar and online, fit for the current market. The retailer is gearing up for the relaunch of standalone and websites, which are both currently understood to be going live in August. Asos boss José Antonio Ramos Calamonte said in April that the chain had spent 'two years rebuilding the product assortment of Topshop' ahead of the relaunch. ''The time has come to come back, to be much more present with consumers in the UK, but also globally,' he said. Topshop will not be returning to its former flagship store at 214 Oxford Street in London, which is now occupied by the new Ikea which opened last month. Earlier this year, London Mayor Sir Sadiq Khan was among those calling for the return of Topshop, stating at the time: 'I'd meet my mates outside Topshop, my daughters took me shopping at Topshop and I know every type of Topshop jean. 'Wouldn't it be great to get Topshop back on Oxford Street?' Topshop was founded in 1964 youth-focused offshoot of the department store Peter Robinson. At its peak, Topshop was a titan of the British high street, raking in about £100million in profit, with hundreds of stores spread across almost every large town and city in the UK. But the store's popularity waned as it struggled to compete with fast fashion online, losing its younger shoppers to aggressive digital e-tailers like Boohoo and PrettyLittleThing. In 2018, former owners Arcadia revealed it was haemorrhaging cash, reporting a £93.4million pre-tax loss compared with £164.6million profit in the year before. And sales slumped 4.5 per cent from £1.8billion. Amid the demise of Arcadia, owned by Philip Green, in 2021, Asos acquired Topshop, Topman and Miss Selfridge for £330million. At the time of its collapse, there were 70 Topshop stores across Britain. In September last year, Asos sold a 75 per cent stake in Topshop and Topman for approximately £135million to form a joint venture with Danish holding company Heartland, controlled by the Holch Polvsen family. It was at this point last year that Asos said it planned to relaunch the and websites by the summer of 2025.
Scotsman
8 hours ago
- Business
- Scotsman
Iconic fashion brand plots return with plans for UK stores
Big changes are coming for one of the UK's most loved fashion names 👀 Sign up to the weekly Cost Of Living newsletter. Saving tips, deals and money hacks. Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Topshop is planning a return to the high street with permanent standalone stores Managing director Michelle Wilson confirmed work is underway to establish a store presence A physical retail comeback is expected this autumn via a single wholesale partner A website relaunch is also planned for August Likely store locations include London, Manchester, Birmingham, Glasgow, and other major cities An iconic UK fashion brand is poised to make a bold return to the British high street, with plans for permanent standalone stores now officially in development. Speaking to Drapers, managing director Michelle Wilson revealed that Topshop is actively working on re-establishing a physical presence on Britain's high streets. Advertisement Hide Ad Advertisement Hide Ad 'We will have a permanent store presence at some point,' she confirmed. 'That's something that we're working on all the time.' Wilson said that Topshop will re-emerge in physical retail this autumn through a partnership with a single wholesale retailer. 'I'm excited to see Topshop back in person,' she said. 'I think the partner that we are collaborating with is an incredible partner. I think it will surprise a few people.' (Photo: BEN STANSALL/AFP via Getty Images) | AFP via Getty Images Before then, Topshop has 'something planned in August' to reintroduce the brand in real life, she teased — promising a more 'semi-permanent' experience than a one day-day -pop-up event that took place last year. Advertisement Hide Ad Advertisement Hide Ad The much-anticipated relaunch of and is also slated for August. Following Arcadia's collapse, Asos acquired Topshop, Topman, and Miss Selfridge for £330 million. In September 2024, it sold a 75% stake in Topshop and Topman to holding company Heartland for £135 million, forming a joint venture that appears central to the brand's physical retail revival. Advertisement Hide Ad Advertisement Hide Ad Where could new Topshop stores be located? While specific locations have yet to be announced, the news hints at a potential rollout of standalone Topshop shops across the UK — a significant milestone following the brand's turbulent exit from brick-and-mortar retail. Any future rollout of standalone Topshop stores is likely to focus on major UK cities and key regional shopping destinations where the brand previously had a strong presence. London, particularly central areas like Oxford Street or Westfield, would be a natural choice for a flagship store, given its footfall, tourist appeal, and symbolic value for a high street comeback. Other likely candidates include Manchester and Birmingham, both of which have large shopping centres — the Trafford Centre and Bullring respectively — and a track record of hosting major fashion brands. Advertisement Hide Ad Advertisement Hide Ad Cities like Glasgow, Leeds, Liverpool, and Bristol also stand out as potential locations due to their vibrant retail scenes and youthful demographics. In Scotland, Edinburgh could be another strong contender, especially given its mix of tourists and students. There's also a good chance that Topshop could return to well-performing shopping centres in towns such as Milton Keynes, Reading, or Newcastle, where strong regional catchment areas have supported similar fashion-led offerings. Are you struggling to make ends meet as costs continue to rise? You can now send your stories to us online via YourWorld at It's free to use and, once checked, your story will appear on our website and, space allowing, in our newspapers.
Daily Record
10 hours ago
- Business
- Daily Record
Beloved retailer to return to the high street with permanent standalone shops
Topshop is reportedly coming back with physical stores following a limited pop-up in London last month. It was one of the biggest fashion chains on the high street before it went into administration in 2020. Now Topshop is said to be making its comeback. While the once beloved retailer is set to relaunch its website later this year, it has reportedly confirmed that it has been looking into opening up standalone stores permanently. The news comes after Topshop hosted an exclusive one day pop-up store in London on May 10, which was created in collaboration with house music label Defected Records. However, those who missed it the event are in for some good news, as the firm's Managing Director Michelle Wilson is said to have told Drapers that the brand "would have a permanent store presence at some point." She further added that the retailer had "something planned" to bring its presence back into real life in August, confirming that Topshop and Topman would return to the high street in autumn through one wholesale partner. The fashion chain, which was a staple of the high street, closed the doors to all physical stores five years ago after falling into administration, before being bought over by ASOS in 2021. It came about after the fall of Sir Phillip Green's Arcadia Group, with the online retailer also snapping up other firms from the group such as Miss Selfridge in a £330 million deal. However, the firm has officially confirmed that it will be making a return with an online presence, as it is set to launch the Topshop and Topman website sometime in August. The fashion brand began teasing its loyal fanbase with its return on Instagram on March 18, with a series of reels confirming that it had been "listening" to those who had been begging for it to come back. The announcement was met with a flood of enthusiasm from shoppers, with one exclaiming: "Is this happening?", while another said: "Right. FINALLY! Talk about keeping us waiting!!!!!!!!" To entice its once devoted fanbase even more, the Topshop website currently advises that something is "coming soon." Topshop first opened up as part of defunct department store chain Peter Robinson back in 1964, before opening its own flagship store on Oxford Circus in 1992. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. If you're curious, you can read our Privacy Notice. As one of the UK's most notable fashion retailers, it once operated 300 stores in the UK alone, with the full total worldwide being 500 after it branched out overseas into America in 2014. Known for its ability to always remain on-trend, the brand also managed to offer collaborations with supermodel Kate Moss, alongside stocking Beyoncé's Ivy Park Athleisure Line just before it closed its doors. Topshop isn't the only iconic retailer set to make a return this year, as electrical giant Comet is set to be relaunched online following the closure of all its 240 stores and stock being liquidated in 2012. In May, it was bought over by online marketplace OnBuy in a deal reportedly worth £10million, as it plans to bring the firm back with its original branding later this year.
