Topshop isn’t giving up on Australia with news that brand owner Arcadia Group is in early talks to take control of the failed Australian Topshop and Topman operation following its voluntary administration filing.
Topshop is to lose its long-serving MD with Mary Homer set to leave to run fast-expanding lifestyle chain The White Company as it prepares to enter the US. Topshop is now seeking a star MD from outside the organisation.
Flash sales specialist MySale should have brought a smile to the face of Sir Philip Green on Wednesday. A day after he paid £363m into the BHS pension fund, Green's investment in the e-tailer appeared to be paying off.
Britain's pensions regulator has agreed a cash settlement worth up to 363 million pounds with billionaire retailer Philip Green, the former owner of collapsed department store chain BHS, it said on Tuesday.
Topshop’s owner has denied the UK fast fashion chain had a weak Christmas as has been claimed. A newspaper report said Arcadia’s star brand saw a double-digit comp sales fall, but its owner said “the numbers are wrong.”
British designer Burberry sparked a debate at this year's London Fashion Week by skipping the usual six-month gap between putting its designs on the catwalk and into shops, prompting concern among smaller designers.