Topshop issues major update on whether it will open high street stores again

TOPSHOP WAS SNAPPED UP IN 2021 BY ASOS, ALONGSIDE MISS SELFRIDGE, FOR A COMBINED PRICE OF £330MILLION, FOLLOWING THE COLLAPSE OF SIR PHILIP GREEN'S ARCADIA GROUP 08:40, 04 Jun

2025Updated 10:07, 04 Jun 2025 Topshop’s managing director has issued an update on whether the fashion brand will finally open physical stores again in the future. It has been confirmed that

the retailer will have a permanent store presence “at some point” after hosting a pop-up event last month. The pop-up was held at Defected Records in east London and was met with queues of

eager shoppers who were excited to see Topshop return. Topshop was snapped up in 2021 by ASOS, alongside Miss Selfridge, for a combined price of £330million, following the collapse of Sir

Philip Green's Arcadia Group. GET THE BEST DEALS AND TIPS FROM MIRROR MONEY WHATSAPP GROUP: Get money news and top deals straight to your phone by joining our Money WhatsApp group here.

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curious, you can read our Privacy Notice. NEWSLETTER: Or sign up to the Mirror's Money newsletter here for all the best advice and shopping deals straight to your inbox. The deal didn’t

include physical stores - instead, shoppers can now only purchase clothes from these retailers online via the ASOS website. Article continues below Then in September 2024, Asos sold a 75%

stake in Topshop and Topman for around £135million to create a joint venture with Heartland, the holding company of Danish billionaire Anders Holch Povlsen. At the time, ASOS confirmed plans

to relaunch Topshop.com and Topman.com, with the websites expected to go live by August this year. Speaking to Drapers about future plans for physical stores, Topshop managing director

Michelle Wilson said: “That’s something that we’re working on all the time. “In the shorter term that will be something with partner support and in the longer term we will do something

standalone.” Ms Wilson added that the return of Topshop will begin through working with wholesale partnerships from this August, before relaunching standalone stores. She said: “We have

something planned in August to bring Topshop back into real life again, with a more semi-permanent presence than the one-day pop-up.” It comes after Ikea took over the former Topshop store

in Oxford Street last month. Ingka Investment, the investment arm of the retail group, bought the Grade II listed building at 214 Oxford Street after Arcadia fell into administration. Work

started on the site in 2022, with original plans to open the location by autumn 2023, but the renovations were dogged by complications, including water leaks in the basement. The three-floor

shopping space sells around 6,000 products, of which 3,500 can be carried away by customers immediately, and the rest ordered for home delivery, click and collect or collection off site

Tolga Oncu, Ingka retail manager, said: “Adding Oxford Street to the Ikea map is a special moment for us. “This store, on one of the busiest and most well-known streets in the world,

exemplifies our ambition to innovate our retail presence and bring Ikea to where our customers live, work, and socialise. “Offering our well-designed and affordable products to more people

in city centres across the globe remains our way forward.” Article continues below