Sir Philip Green Scraps Topshop Expansion Deal For China

Sir Philip Green has agreed to terminate an expansion deal with Topshop and Topman and their Chinese franchise partner Shangpin. A spokesperson for the retail tycoon has confirmed that Topshop/Topman’s ambitious plans for Chinese expansion have come to a halt. “British fashion brands, Topshop Topman, and Chinese franchise partner, Shangpin, have reached a mutual agreement to an early termination,” Green’s spokesperson said. “Topshop Topman and Shangpin have enjoyed a successful working relationship since September 2014. “Customers can still shop Topshop and Topman products via Shangpin and Tmall.com until 30 November 2018, and will continue to be serviced via Topshop.com and Topman.com” he added. Read more at Retail Gazette.