Topshop to expand presence in China

Topshop brick and mortar stores will be set up in the tier-I & II cities of China, said Shangpin. It is expected that over 100 Topshop and Topman retail stores will open in next five years, along with a strong online presence.

"We acquired the franchising business of Topshop to explore the Chinese market," said Zhao Shizhong, CEO of Shangpin. The firm has already worked with Topshop during the last three years as an online retailer of the British brand. (RR)

ALCHEMPro News Desk – India