The owner of Ikea has bought Topshop’s former flagship store on Oxford Street, once the jewel in Sir Philip Green’s retail empire, for an estimated £378m, creating a new central London home for the Swedish furniture brand.
Who bought Topshop Oxford Street?
Canada’s Weston Family bought the company, which included the iconic Oxford Street store, for just under £600 million in 2003 — a rare example of a department store business gaining, rather than losing, value.
What has replaced Topshop Oxford Street?
Ikea
Billy bookcases, sheepskin rugs and meatballs are set to make their debut on Oxford Street.
What brand has opened a new flagship store near Selfridges on Oxford Street?
Superdry’s
Close to Selfridges and adjacent to the new Bond Street Crossrail station, which is due to open in early 2022, the new 32,210 sq ft store is a replacement for Superdry’s Regent Street store which closed in June, in a vote of confidence for physical retail and for the West End as it bounces back from the pandemic.
When did Topshop close Oxford Street?
Topshop. Topshop disappeared from the high street following the demise of Sir Philip Green’s Arcadia empire in late 2020. It’s iconic Oxford Circus flagship closed its doors for the final time in early 2021.
What happened to Topshop flagship store?
The owner of furniture retail giant IKEA has this morning bought Topshop’s former flagship store on Oxford Street, creating a headline-grabbing London West End home for the Swedish mega-brand.
What brands did Topshop used to sell?
Topshop started as a brand extension of the department store Peter Robinson in the 1960s and originally sold fashion by young British designers, such as Mary Quant and Stirling Cooper. Peter Robinson was a women’s fashion chain that had been acquired by Burton in 1946.
What is in the old Topshop Oxford Street?
The furniture chain’s owner Ingka Investments has bought Topshop’s former flagship store on Oxford Street, creating a new central London home for Ikea.
Can you still buy from Topshop?
Will you still be able to buy Topshop clothes? Shoppers will still be able to access merchandise sold by the Topshop, Topman and Miss Selfridge brands. However, these will now be sold as part of the wider Asos site and shoppers will no longer be able to shop for products in store or on the brands’ previous websites.
Does the bay no longer sell Topshop?
Last year, we saw Topshop exit from all Hudson’s Bay stores, after first opening in 2011. Ever since then, if Canadians wanted to purchase trendy clothing from the brand, they had to do so through ASOS, which unfortunately has duties. The link to this photo or video may be broken, or the post may have been removed.
Which company announced that it is closing its flagship store on London’s Oxford Street in January?
House of Fraser’s
House of Fraser’s flagship Oxford Street store will close its doors for good in January. The Art Deco building will be turned into an office block with shops, a gym and a rooftop restaurant.
What was Topshop Oxford Street before Topshop?
In 1965, the department store’s basement became home to Topshop which in 1994 took over the building, hosting a hairdressers and a nail bar alongside its giant changing rooms.
Who bought Debenhams Oxford Street?
Lendlease has nipped in to take the prized scheme to turn the former London flagship of Debenhams on Oxford Street into a new retail and office complex. Building understands the £200m job came down to a two-horse race between it and frontrunner Skanska. A pitch from Mace was tailed off earlier in the process.
Does Philip Green still own Topshop?
Sir Philip Nigel Ross Green (born 15 March 1952) is a British businessman who was the chairman of the retail company the Arcadia Group. He owned the high street clothing retailers Topshop, Topman and Miss Selfridge from 2002 to 2020. As of May 2021, his net worth was estimated at £910 million.
Who owns Oxford Street?
Oxford Street
| Location within Central London | |
| Former name(s) | Via Trinobantina Tyburn Road |
| Maintained by | Transport for London |
| Length | 2 km (1 mi) |
| Other |
|---|
Does Topshop still exist in the UK?
Sir Philip Green’s fashion empire Arcadia is no more, with its famous brands, including Topshop, carved up by online retailers leaving behind a ghost chain of 500 shops. The sale to Boohoo of its last three high street names – Dorothy Perkins, Wallis and Burton – was confirmed this week.
Who took over Topshop?
The online fashion retailer Asos is the new owner of Topshop and other leading brands from Sir Philip Green’s Arcadia empire after a £330m deal that puts thousands of jobs at risk.
What is happening to Debenhams Oxford Street?
The plans see the reprovision of three floors of retail, the reuse of the existing building’s structure, the introduction of new facades, and three additional storeys for flexible Grade A office space at upper levels with terraces. Debenhams department store on this site was permanently closed in January 2021.
Is the store the Limited still in business?
After 2007, it became a brand, originally owned by the private equity firm Sun Capital Partners, now owned by another private equity firm Sycamore Partners. In January 2017 The Limited shut down all of its 250 stores, laid off 4,000 workers and filed for bankruptcy.
The Limited.
| Type | Private |
|---|---|
| Website | https://www.lb.com |
Why did ASOS take over Topshop?
Topshop, Topman, Miss Selfridge, and HIIT generated approximately 60% of their 2020 revenues online. In a letter to investors, ASOS said it bought the brands because they complement its existing portfolio and are established in the US and Germany, with around half of their 2020 sales coming from non-UK markets.
Why is ASOS buying Topshop?
ASOS is buying the brands’ intangible intellectual property but not its tangible assets. This makes a lot of sense. It is retaining 300 staff who will continue the dialogue with customers, manufacturers and distributors. They will need to keep the brands up-to-date and relevant.