British billionaire launches Topshop in US at a tough time
Philip Green, the billionaire British owner of Topshop, has lavished attention on his first outlet in the US. He flew in supermodel Kate Moss to open the Manhattan location in April. Green is introducing Topshop to Americans at a difficult time. Most US consumers are reining in their spending, causing a 7% year-over-year drop in total apparel sales in the first half of this year.
Bloomberg | 01 Nov.
This story published in NRF Global SmartBrief on 11/02/2009
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