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Top Shop Flagship Building Offered For Sale

Investment bank seeks buyer after Arcadia Group bankruptcy

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U.S. investment bank Eastdil is searching for buyers for U.K. fast fashion brand Top Shop’s Oxford Street Store, reports The Guardian. The flagship is expected to fetch as much as £420 million (approximately U.S. $585 million).

Top Shop was part of Arcadia Group, which filed for bankruptcy last fall. The building was reportedly valued at £500 million just two years ago, however the pandemic has likely negatively affected that price.

Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.

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