Topshop’s flagship store is officially on the market. It’s the end of an era…
2020 may be over but unfortunately, the bad news just keeps rolling in. It has just been announced that Topshop’s iconic flagship store on Oxford Street is being sold off. If you listen carefully, you’ll hear the faint cries of fashionistas all over the city. There was truly no greater feeling than exiting Oxford Circus Station and having Topshop greet you with open arms. Farewell old friend, we miss you already.
It was revealed last November that Arcadia Group, the retail company consisting of high street stores such as Topshop, Dorothy Perkins and Burtons, would be going into administration. And it has now come to light that two real estate agencies have been commissioned to “oversee the sale of the empire’s former flagship Topshop store.” The building is expected to rake in a whopping £200 million when it is auctioned off later this year. Well, this is depressing…
Arcadia Group has appointed agents, Savills and Eastdil to oversee the sale of the empire’s former flagship Topshop store, which is located on 214 Oxford Street. pic.twitter.com/osIDcLJ7SP
— The Land Collective (@TheLandCo_) January 4, 2021
This store opened its doors in 1994 and very quickly became one of London’s most popular destinations. The 90,000-square foot venue used to attract a daily average of 28,000 customers all eager to roam around its five floors (pre-pandemic, of course). Whether you entered to buy a new outfit, window shop, listen to the epic DJs, take a quick selfie in their mirrors or were reluctantly dragged inside by a friend or significant other, it was virtually impossible to head to Oxford Street and not spend some time at Topshop. We would even go as far as to say that it was a London landmark in itself.
“Meet me by the big Topshop” is truly over https://t.co/DxcVpvqN83
— Bolu Babalola (@BeeBabs) January 5, 2021
We don’t know what will replace this iconic store, but we do know they have some pretty big shoes to fill.