Topshop conquers New York

Topshop, the phenomenally successful British retailer, is to open a 40,000 sq ft store in Manhattan next September. Although there are Topshop outlets around the Middle and far east, this is the first one that will be run by the Arcadia Group, the retail group that owns Topshop.

Sir Philip Green, the British billionaire who owns Arcadia, estimates that setting up the New York store will cost between $20m and $25m (£9m-£12m).

"I always had it in my head that it would cost about $50m to launch in the States and we can certainly afford that," he said. "I've been thinking about doing this for about 18 months. We have to prove that this is a brand that can travel”, Sr Green told The Guardian.

To help Green in this effort is possibly the strongest fashion partner in the world - Kate Moss, who has been designing small collections for the brand since May 2007. The model is contracted until May 2009.

Picture from the Daily Mail
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