British Billionaire retail boss Sir Philip Green is launching a new 50-50 sports and streetwear venture with singer Beyoncé in April 2016. Queen B and The British high street giant have created Parkwood Topshop Athletic Ltd, a label set to produce clothing, footwear and accessories across dance, fitness and sports categories, with collections aiming to be stylish and functional, offering technical performance.
Arcadia group, the retail empire has confirmed the news. The group also owns the Topman, Dorothy Perkins, Wallis, Miss Selfridge, Evans and Burton brands. Topshop/Topman opened five new stores in the United States in the 2014-15 year, taking the total to nine.
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Some 34 new overseas franchise outlets for Topshop/Topman were also opened as well as 45 across the group’s other brands. The UK store portfolio now stands at 2, 358, as 86 shops were closed globally as leases expired.
earlier this year Green sold the troubled fashion and homewares chain BHS to group of investors called Retail Acquisitions for a £1. Green said it was “a robust performance in challenging times.”, Gazette Standard reports.
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