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Topshop halts Chinese franchise partnership

Topshop/Topman has terminated its Chinese franchise partnership with Shangpin.

The Arcadia-owned retailer said the decision to call time on the deal was a “mutual agreement”.

Chinese shoppers will continue to be able to buy products via Topshop.com and Topman.com, and can shop Topshop and Topman products via the Shangpin website and tmall.com until 30 November.

A spokesman for said: “British fashion brands Topshop/Topman and Chinese franchise partner Shangpin have reached a mutual agreement to an early termination. Topshop/Topman and Shangpin have enjoyed a successful working relationship since September 2014.

“Topshop/Topman considers China a hugely significant market for development. The company is currently exploring opportunities to further grow the brands in China.”

 

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