• Text size      
  • Send this article to a friend
  • Print this article

Topshop valued at £2 billion

Topshop and Topman have been valued at £2 billion after retail tycoon Sir Philip Green sold a 25% stake in the fashion brands.

The entrepreneur's Arcadia Group, which also owns Bhs, Burton and Dorothy Perkins, netted £500 million after agreeing to sell the Topshop stake to American private equity firm Leonard Green & Partners.

The high street magnate said the deal will help his group expand Topshop and Topman brands further across the US and internationally.

Sir Philip signalled a potential spending spree as he said the cash from the sale will remain in the Arcadia Group, leaving it debt-free and offering the "flexibility to look at other opportunities".

Contextual targeting label: 
retail

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

129423