×
4 690
Fashion Jobs
RALPH LAUREN
Sales/Design Professional
Permanent · London
TIFFANY & CO
Operations Coordinator - Old Bond Street
Permanent · London
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Southgate (UK)
Permanent · Bath
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Churchill Square
Permanent · Brighton and Hove
COTY
Business Manager - Gucci
Permanent · London
COTY
Account Manager - Fragrance
Permanent · London
COTY
Campaign Art Director Max Factor
Permanent · London
COTY
Campaign Art Director Rimmel
Permanent · London
L'OREAL GROUP
Digital Manager - Professional Products Division
Permanent · London
L'OREAL GROUP
Prada Assistant Business Manager, 1.0, Selfridges London
Permanent · London
EVERLAST GYMS
General Manager - Everlast Fitness
Permanent · SOUTHPORT
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · INVERNESS
FRASERS GROUP
Warehouse Supervisor (Evening Shift)
Permanent · SHEFFIELD
BOOHOO GROUP
1st Line Analyst
Permanent · SHEFFIELD
HARVEY NICHOLS
Brand Consultant - Moncler
Permanent · EDINBURGH
BOOHOO GROUP
Procurement Manager (Marketing)
Permanent · MANCHESTER
SUPERDRY
Retail Marketing Executive
Permanent · CHELTENHAM
ABERCROMBIE AND FITCH CO.
Wholesale, Associate Account Executive, Emea
Permanent · London
COTY
Commercial Trade Marketing Manager Beauty
Permanent · London
L'OREAL GROUP
Product Manager - Viktor & Rolf
Permanent · London
L'OREAL GROUP
Prada Business Manager, 1.0, Harrods London
Permanent · London
L'OREAL GROUP
Senior Advocacy Manager - IT Cosmetics - Ftc (Maternity Cover)
Permanent · London
Ads
Published
Sep 9, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fashion's flight from Oxford St continues as IKEA tipped to buy Topshop flagship

Published
Sep 9, 2021

​The number of fashion-focused shops on premier shopping thoroughfare Oxford Street looks like falling even further with news that IKEA is likely to take over the former Topshop flagship, in a key Oxford Circus position.


Photo: Sandra Halliday



It's believed the Swedish interiors giant will pay around £385 million for the prime site that has a long lease and is the last of the assets to be sold after the Arcadia fashion empire collapsed.

Property news site React said it’s on the verge of a deal to take over the building that also contains a Niketown store and a Vans branch (the latter in a space formerly occupied by Miss Selfridge).

The proceeds will pay off a £312 million mortgage that was taken out on the building in 2019 and £40 million of the purchase price should be heading towards the Arcadia pension fund.

Topshop had operated the store since 1994 and it was once a key destination for anybody interested in fashion who was visiting London, whether they were on a budget or usually shopped at higher-end designer labels. But its recent fall from grace saw it losing its lustre and the Topshop brand is now owned by online-only giant ASOS.

The building attracted plenty of interest from potential buyers and reports said that the billionaire owner of H&M, as well as landlord Great Portland Estates, had also been keen to buy it.

It's unclear how much of the building IKEA will occupy immediately (or eventually), but it underlines how fashion has fallen in importance as far as overall representation on Oxford Street is concerned. This had been happening for some time, but the pandemic precipitated the closure of a number of shops such as Debenhams, the Gap flagship, a Next flagship, and Topshop itself.

IKEA hasn't yet said what its plans are but has said that it's looking at different formats as part of its new approach to city centres.

Copyright © 2023 FashionNetwork.com All rights reserved.