Philip Green and Topshop go it alone with American Topshop expansion
SIR PHILIP GREEN has resolved to go it alone with the expansion of Topshop in America after being unable to find a suitable partner.
The billionaire businessman has been searching for several years for the perfect site in New York for a flagship American store.
Sir Philip today confirmed he had yet to sign up locations for stores but would definitely work directly without a franchise or licensee after a series of discussions with potential partners.
He’s already launched in several Barney’s department stores after the Kate Moss Topshop label caused a frenzy, but is looking to expand the chain and make it a must-visit for all young Americans as he has for British women.
The decision comes after the entrepreneur revealed plans to open at least six Bhs stores abroad over the next year and ten standalone Tammy stores – the teen label he bought from the French company Etam.
The expansion will include Bhs’s first store in India, which is due to open in Bombay in December, as well as stores in the Middle East and Romania. All 75 of Bhs’s international stores are run via franchisees.