Speculation that Shandong Ruyi was in talks to buy the UK’s Arcadia Group may have been denied by both parties but it has certainly focused attention on the Chinese firm’s global ambitions in the fashion sector.
Better late than never. Some time after Topshop and Topman were expected to make their first foray into China, and over a year after signing a deal to enter the country, the UK fashion chains will set foot in Shanghai.
Topshop and Topman are linking up with the hugely popular Netflix show Stranger Things for its second series with the fashion retailer entering a “360 relationship” that takes in fashion and entertainment in its stores.
We've been waiting quite a while for news of what will happen to Topshop and Topman in Australia after the local franchisee went into administration. Now we know, the brands’ UK owner is still committed to the market.