Belfast Telegraph

UK Website Of The Year

Beyonce's Topshop line to hit the shelves next spring

By Holly Williams

Published 26/11/2015

Beyonce’s Topshop tie-up launches in spring
Beyonce’s Topshop tie-up launches in spring

Sir Philip Green's retail empire has confirmed that its long-awaited clothing range with Beyonce will launch next spring.

Arcadia announced late last year it was teaming up with the global superstar for a 50/50 joint venture called Parkwood Topshop Athletic - a new fitness and streetwear brand.

News of the launch date came as Arcadia owner Taveta Investments - the company that holds Sir Philip's retail brands including Topshop, Dorothy Perkins and Burton - posted a 2% rise in underlying pre-tax profits to £202m for the year to August 29 despite flagging store sales.

Sir Philip said the results came amid "challenging times" as the group reported a 0.9% fall in UK underlying like-for-like retail sales over the year, with total comparable sales 0.7% lower.

It also revealed a darker picture so far this year, with sales dropping 2.3% in the first 10 weeks.

The results do not include figures for BHS, which was sold in March. Sir Philip offloaded the loss-making store chain to a consortium of little-known investors called Retail Acquisitions for a nominal sum reported to be as little as £1.

In its update on the Beyonce tie-up, Taveta said: "We are developing distribution for the launch of this exciting brand in spring 2016." Arcadia operates around 20 shops and concessions across Northern Ireland.

Belfast Telegraph

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?

Read More

From Belfast Telegraph