Arcadia Brand Topshop Continues To Expand In The US
Philip Green, founder of Arcadia group, announced that he plans to develop her brand Topshop and Topman into a $1 billion industrial empire in the next 5 years.
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< p > Green plans to further open 25 to 30 stores in the United States, which is an obvious increase compared with the 4 independent stores.
The company currently has 14 discount stores in Nordstrom department store.
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P, the US private equity firms LeonardGreen&Partners, owns Topshop25% shares, and is said to be eager to accelerate the pace of further expansion.
The retailer has to catch up with other European competitors in some way, such as H&M and Zara in 250 and 44 stores respectively in the US.
Therefore, in order to further exploit its fast growing popularity in the US, the company needs to accelerate its expansion plan.
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