Sir Philip Green is pleased to announce that together with LAB Concept, the new contemporary retail subsidiary of Lane Crawford, they have obtained the first site for TOPSHOP in Hong Kong.
The highly anticipated Hong Kong store will have prime street frontage whilst occupying a prestigious corner site within Asia Standard Tower, Queens Road Central, a neighbourhood fast becoming a hub for international fashion brands.The store will trade over 12,000 square foot across two floors. The ground floor features two distinct rooms. The first showcases TOPSHOP fashion lines against a palette of raw concrete and gloss white panels, whilst the second room features the brand's accessories and make up collections.
Upstairs, TOPSHOP's unique sense of fashion extends to a dedicated shoe lounge with custom glass fixtures and a mirrored ceiling. A by-appointment Personal Shopping area offers the full VIP treatment in a dedicated suite off the main floor.
TOPSHOP is renowned around the world for its signature British fashion authority, and last week it was announced that Leonard Green & Partners had taken a 25% equity stake in TOPSHOP/TOPMAN – valuing the joint business at £2 billion.
The iconic 100,000 square foot flagship store in Oxford Circus, London is a magnet for fashion followers worldwide. TOPSHOP has a total of 472 stores, with 324 in the UK, whilst operating in a further 38 countries. Apart from three fully owned flagship stores in the USA, the international business is either franchise or wholesale led.
Recent international openings include Australia, Brazil and South Africa, and significant expansion in the Far East is a key priority, with 27 stores trading in the region and 5 having been opened over the last year.
LAB Concept, a subsidiary of iconic luxury department store Lane Crawford, which recently opened a new contemporary destination in Queensway Plaza, Hong Kong, will manage the partnership. LAB Concept will provide the retail space and operational expertise, including staff and logistics support, while TOPSHOP will manage the merchandising.
Sir Philip Green, owner of TOPSHOP comments: “I am delighted to be launching TOPSHOP in Hong Kong in 2013, with Lane Crawford’s LAB Concept as our chosen partner. Their team’s expertise in the Chinese market is invaluable to us. This is certainly a very exciting step in the continued growth of TOPSHOP as a global, yet uniquely British, brand. I am confident that the fashion-loving Hong Kong customers will enjoy the retail experience and fantastic product offer that TOPSHOP will deliver for them."
Andrew Keith President of Lane Crawford adds: “We are excited to be working with Sir Philip Green and his fantastic team to bring TOPSHOP to the market as a full retail concept that truly represents the creativity and energy of the brand, at a time when the contemporary market in Greater China is booming,”
“TOPSHOP is unique – it leads the way in offering seasonally relevant and exciting fashion with groundbreaking designer collaborations, all at an accessible price point. The timing for market entry couldn’t be better – we are seeing dramatic growth in our own contemporary businesses in Lane Crawford and LAB Concept and we believe there will be great customer anticipation for the launch of TOPSHOP next year. We are looking forward to a long-term partnership with TOPSHOP with the potential to hopefully optimize our multi-channel distribution platform in Greater China,” Mr Keith further comments.
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Sir Philip Green:
Tania Foster-Brown – Arcadia Group Communications Director,
The Lane Crawford Joyce Group:
Eliot Sandiford – Corporate Communications Director
Jennifer Cardenas – Corporate Communications Manager firstname.lastname@example.org
Notes to Editors:
About TOPSHOP: Since it launched in 1964, TOPSHOP has become a major British style authority and one of fashion’s biggest success stories. In 1994, a TOPSHOP flagship store was born, as the brand took over a 90,000 sq ft space at London Oxford Circus in the heart of the West End. It remains there today, now expanded to trade over more than 100,000 sq ft, and is considered the world’s largest fashion store on the high street, attracting over 200,000 shoppers each week. In the USA TOPSHOP, together with TOPMAN, has flagship stores in New York, Chicago and Las Vegas, with Los Angeles opening in Spring 2013.
TOPSHOP is the only high street brand to show on schedule at London Fashion Week (LFW), and has recently celebrated ten years of sponsoring New Gen – supporting young British designers and giving them a platform to show within LFW and promote their collections to the international press. It was announced at LFW in February of this year that TOPSHOP will extend its sponsorship of this scheme for a further ten years.
TOPSHOP is well known for its nurturing of young talent, including Christopher Kane, Meadham Kirchhoff, Hussein Chalayan, Richard Nicoll, Mary Kantrantzou and JW Anderson.
In addition, the Boutique collection offers reworked future classics in luxurious fabrics with a focus on style rather than seasonal trends. All this sits alongside TOPSHOP’s trend-driven mainline, which includes glamorous going out pieces, footwear, accessories and an extensive selection of denim and jewellery.
The TOPSHOP Make-up collections tap into a wealth of existing knowledge of the hottest trends, enabling the team to develop a directional and fashion led way of approaching colour in cosmetics.
TOPSHOP has 324 stores in the UK, with a further 145 international stores operating in 38 countries. TOPSHOP.COM delivers to more than 110 countries worldwide. In September 2012 a deal struck with Nordstrom saw TOPSHOP open in their stores in 14 cities across the USA, and on Nordstrom.com.
On December 5th 2012 Leonard Green & Partners, who have extensive investments in the US retail sector including J Crew and Neiman Marcus, became a strategic partner with TOPSHOP/TOPMAN. LGP took a 25% stake in the business further enabling the brands to accelerate their global expansion.
About Arcadia Group Limited: Owned by Sir Philip Green and his family, the Arcadia Group comprises eight of the United Kingdom’s best-known fashion and high street brands, including BHS, Burton, Dorothy Perkins, Evans, Miss Selfridge, Outfit, TOPSHOP, TOPMAN and Wallis each with its own distinctive identity and market segment.
The Arcadia Group is the UK's largest privately owned clothing retailer with more than 2,500 outlets and 44,000 employees. The e-commerce business delivers to more than 120 countries worldwide. In January 2011 Sir Philip was honoured with the International Retailer Award at the National Retail Federation’s annual convention in New York.
About LAB Concept: LAB Concept is the contemporary retail management arm of Lane Crawford, working in partnership with leading contemporary brands. It operates a 64,000 square feet mall under the banner of LAB Concept in Hong Kong’s Queensway Plaza. The mall features its own edit of contemporary fashion brands, an international cosmetic and skincare offer by Facesss and the latest, must-have footwear and accessories brands by Pedder Group’s shoespace. A selection of food and dining concepts completes the experience.
About The Lane Crawford Joyce Group: Lane Crawford is a part of The Lane Crawford Joyce Group, Asia’s premier fashion and brand management group, which also includes cutting edge fashion boutique Joyce, fashion footwear, handbags and accessories specialist Pedder Group and retail, brand management and distribution company ImagineX.
The Lane Crawford Joyce Group operates luxury department stores and boutiques, free-standing branded stores and e-commerce, with leadership positioning in designer womenswear, menswear, shoes and accessories, cosmetics, home and lifestyle, and fine jewellery. With more than 160 years of trading experience in the region, each of The Group’s companies is acknowledged as a pioneer in its space, being first to market with designer and luxury brands, and building brands’ businesses through dynamic partnerships and collaborations. The Group currently operates more than 500 points of sale across 50 cities in Greater China and South East Asia, with a total retail space of more than 1,000,000 square foot