The second we have all been ready for, ever since Topshop shuttered its doorways in 2020, has arrived. The beloved British retailer has teased its return to the excessive avenue.
Taking to Instagram yesterday with a collection of three posts that spell out ‘We have missed you too’, Topshop has nearly however confirmed its grand return.
After the collapse of the retailer’s proprietor Arcadia Group, ASOS bought Topshop and Topman, the previous jewels within the crown of the conglomerate’s empire, for £265 million in March 2021. The deal concerned the acquisition of the model and on-line enterprise solely, ensuing within the closure of all of Topshop and Topman’s bodily retail shops. ASOS rolled the e-commerce websites into its personal on-line platform. Though this stored the model from fading into the abyss, it has arguably not been the identical since.
In October 2024 ASOS offered Topshop and Topman to a three way partnership led by Heartland, which represents ASOS shareholder Anders Holch Povlsen and his trend enterprise Bestseller. As quickly because the information broke, hypothesis stirred that the retailer was headed again to the excessive avenue.
The three way partnership was established following a aggressive sale course of for the manufacturers and noticed Heartland not directly maintain a 75% stake within the three way partnership for a £135 million money consideration. The remaining 25% stake is held by ASOS Holdings Restricted, granting the net trend retailer sure design and distribution rights for Topshop and Topman in return for a royalty payment, permitting it to proceed advertising and promoting the 2 manufacturers on-line.
Simply months later, in February 2025, Michelle Wilson was appointed Managing Director of Topshop and Topman, with plans to assist them “thrive” as standalone manufacturers. On this position, Wilson managed the corporate’s international wholesale enterprise, which incorporates partnerships with Nordstrom within the US, Reliance Retail in India, and Bestseller in Europe.
In the identical week, the retailer excited its followers with three teaser movies posted on its Instagram alongside the message “watch this area”.
Following the posts on social media, lots of of feedback have amassed with customers eagerly anticipating the net model’s reveal, with many additionally asking for its return to the UK excessive avenue.
One consumer mentioned “begging you reopen excessive avenue”, whereas others posted “please say you’re opening shops once more” and “nonetheless miss your Oxford Avenue retailer, spent hours in there”.
With new possession, plus a brand new Managing Director and Instagram posts that time to a relaunch, dare we recommend that Topshop is again? As the corporate mentioned on social media final month – watch this area.
However, as its well-known flagship on Oxford Cirus was scooped up by Ikea, opening its doorways earlier this week, it’s but to be decided the place will the retailer head first.
