Topshop boss Paul Price has resigned after deciding to relocate back to the USA.
Topshop and Topman chief executive Price will step down from his role at the end of the year, as first reported by Retail Gazette.
Price joined the struggling fashion retailer in September 2017 following 10 years as chief merchandising officer at luxury retailer Burberry.
His successor has not been appointed. However, Retail Week understands Arcadia chief executive Ian Grabiner is working directly with the senior leadership team across both Topshop and Topman to continue to drive the business strategies forward and in line with the group’s turnaround plan.
A spokesperson for Arcadia said: “After two years as Topshop Topman CEO, Paul Price has made the decision to relocate back to the USA and will be leaving the business at the end of December 2019.”
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