Topshop to open first Hong Kong store
Topshop has announced that it has secured a site for its first store in Hong Kong.
The retailer has worked with LAB Concept, the retail subsidiary of Hong Kong-based high-end department store Lane Crawford, to secure the site on Queens Road in Central, Hong Kong.
The store will trade over 12,000 sq ft across two stores and will feature a By Appointment VIP personal shopping suite.
The announcement about Topshop’s first Hong Kong store follows recent international openings in Australia, Brazil and South Africa.
According to Arcadia boss Sir Philip Green, expansion in the Far East is a key priority for Topshop, with 27 stores trading in the region and five having opened in the last year.
“I am delighted to be launching Topshop in Hong Kong in 2013, with Lane Crawford’s LAB Concept as our chosen partner,” said Green.
“Their team’s expertise in the Chinese market is invaluable to us. This is certainly a very exciting step in the continued growth of Topshop as a global, yet uniquely British, brand.
“I am confident that the fashion-loving Hong Kong customers will enjoy the retail experience and fantastic product offer that Topshop will deliver for them.”
Last week it was announced that US private equity firm Leonard Green & Partners had taken a 25% equity stake in Topshop and Topman – valuing the joint business at £2bn.