- First store expected to open in Shanghai or Beijing by 2018
- Up to 80 Topshop stores could follow
- Topshop launched in China online two years ago
Sir Philip Green is preparing to launch Topshop stores in the fast-growing retail market of China.
Green has reportedly signed a deal to open up to 80 Topshop stores across mainland China.
The first standalone store is expected to launch by early 2018, in either Beijing or Shanghai.
The deal builds on an existing arrangement Topshop has with Chinese online fashion giant Shangpin.com, which has been assisting the retailer with its online presence in China since 2014.
Green told The Daily Telegraph the expanded partnership with Shangpin will “cement Topshop and Topman’s mission of becoming truly global businesses”.
Topshop has around 620 stores across more than 40 countries.
The Arcadia tycoon has been under intense media scrutiny this year due to the fallout from the collapse of BHS. Green sold the department store chain for £1 last year to multiple bankrupt Dominic Chappell.
Last week, MPs renewed calls for Green to sort out BHS’s £571m pension blackhole.
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