Arcadia parts company with Chinese franchise partner Shangpin

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Sir Philip Green had planned to open Topshop stores across China with local franchisee

Sir Philip Green has parted company with his Chinese franchise partner in a major setback for his ambitions to conquer the global fashion market with Topshop.

Topshop’s parent company, Arcadia, formed a partnership with online retailer Shangpin in 2014 that made Topshop and Topman fashions available to Chinese shoppers via an Asos-style website for the first time. Two years later they went further, signalling plans to open up to 80 stores together. As yet no stores have opened.

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Source: china
Link : Arcadia parts company with Chinese franchise partner Shangpin

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