Sir Philip Green 'to sell Topshop stake'

Top Shop store Topshop is part of Sir Philip Green's Arcadia group, which owns many well-known high street brands

Related Stories

Retail magnate Sir Philip Green is in talks to sell off part of his Topshop chain to US investors, sources close to the deal have said.

The billionaire is looking to sell a stake of up to 25% of Topshop and Topman, the sources said.

The private equity owners of US retailer J Crew are being rumoured as the possible buyers.

Topshop is part of Sir Philip's Arcadia group, which also includes Miss Selfridge and BHS.

It is understood that these other stores will not be included in the deal, which values the Topshop and Topman brands at around £1bn and may be announced as early as this week.

Topshop has seen profits rise sharply as its affordable fashion, often designed in conjunction with high-profile designers, continues to prove popular with younger shoppers.

Sir Philip took over Arcadia Group, which employs 45,000 people, in 2002, paying £850m for the group after buying BHS for £200m two years earlier.

This year's Sunday Times Rich List estimated his family's fortune at £3.3bn.

J Crew is owned by US private equity firms Leonard Green & Partners and TPG Capital.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features & Analysis

  • BeefaloBeefalo hunt

    The hybrid animal causing havoc in the Grand Canyon


  • Actor Jackie Chan gestures as he stands on the set of his new movie 'Around the World in 80 Days' on 6 May, 2003 in Berlin, GermanyDuang duang duang

    How a new word 'broke the Chinese internet'


  • Sound of Music PosterFar from a flop

    Even Sound of Music film crew surprised by success


  • Don Roberto Placa Quiet Don

    The world's worst interview - with one of the loneliest men on Earth


Elsewhere on the BBC

  • KnucklesGood or bad?

    For many it can be very satisfying to 'crack' the bones in your hand, but is it bad for you?

Programmes

  • 3D model of Christ the Redeemer statueClick Watch

    Using drones to 3D map the famous Brazilian landmark Christ the Redeemer

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.