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Business News

Australia bound: Sir Philip Green plans a new Sydney Topshop

Sir Philip Green is set to conquer his third continent with plans to take Topshop into Australia.

The fashion billionaire has taken charge of the expansion and is in talks with a retail landlord to secure a store in central Sydney which could lead to a roll out across the country.

Sir Philip opened Topshop's first overseas store on Broadway, New York, in 2009 with model Kate Moss, to much fanfare. He is looking at other shops in Chicago, Miami and Los Angeles.

Topshop is seeking growth overseas because of the UK's difficult trading environment. It already has franchised stores in Europe and the Middle East. After Australia, Sir Philip will look at Sao Paulo in Brazil.

Arcadia, Topshop's parent company, would not comment on the Australian plans.

Sir Philip has been keen to play down his own publicity after demonstrators, calling themselves UK Uncut, targeted some of his businesses.