Topshop May Be Coming to a City Near You
Posted Wednesday December 12, 2012 4:13 PM GMT
Taking the next step toward global domination, Topshop has agreed to sell off a chunk of the company in favor of some serious international growth.
According to a report, Topshop and Topman will relinquish 25% of the company though a business deal between Sir Phillip Green and Leonard Green & Partners.
In terms of expansion, Green told WWD it will be “very simple" He says, it will "double their size in the next three to four years.”
As for Topshop/Topman’s current arrangement with Nordstrom, Green assured shoppers, “They’re still in the pictures and we’re excited about developing with them.”
Meanwhile, LGP plans on having a Topshop presence in “at least 50 cities,” including a new store in Los Angeles slated to open on February 14th.