Furniture chain plans to open shop in Oxford Street in autumn 2023 after paying estimated £378m
The owner of Ikea has bought Topshop’s former flagship store on Oxford Street, once the jewel in Sir Philip Green’s retail empire, for an estimated £378m, creating a new central London home for the Swedish furniture brand.
The deal to buy the long leasehold on the building, which includes the now vacant 9,290 sq metre (100,000 sq ft) Topshop outlet as well as a Nike Town store and a shop used by the footwear brand Vans, will complete in January.
