Hudson's Bay secures rights for Topshop & Topman
After months of speculation, The Hudson's Bay Company announced it has earned the Canadian franchise rights for Topshop and Topman, the UK-based retail fashion phenomena, including the rights for both shops within stores and stand alone stores. Operating in 37 countries around the world, the franchisee agreement will see Topshop and Topman launch stores within The Bay in the Fall of 2011.
"We couldn't be more excited about adding Topshop and Topman to The Bay's growing roster of fashion-forward finds," says Bonnie Brooks, President and CEO, The Bay. "Those in the know have been anxiously waiting for Topshop and Topman to come to Canada on a large scale, and The Bay is thrilled to deliver. It's a material step towards cementing The Bay as a world-class department store that delivers the ultimate fashion experience for our savvy clientele."
Sir Philip Green, of the Arcadia Group which owns Topshop and Topman, comments "I am delighted to be launching the Topshop and Topman brands in Canada, and know that having chosen Bonnie and her team to be our partners, we have exciting times ahead. This represents another step in our continued international growth, and I am confident that The Bay's customers will enjoy the retail experience and fantastic product offer that both our brands will deliver for them."
"We're thrilled to announce a store opening in Canada this year, further increasing our presence in the Americas which includes an existing flagship in New York, and forthcoming openings in Brazil and Chicago," says Mary Homer, Managing Director for Topshop. "We've wanted to open a stand-alone store in Canada for some time, and the large site within The Bay allows us to bring the full Topshop experience to the customer in an undiluted way. The concept will stay true to Topshop's stores in other major cities, offering up-to-the-minute affordable style with fashion authority."
"We are very excited to have secured our first introduction in the Canadian market with the partnership of The Bay and look forward to the opening of the first store in Toronto with great anticipation," says David Shepherd, Managing Director for Topman.
Topshop's individuality has earned it worldwide respect, cementing its place on the international style map. Its collaborations with both young designers and some of history's most iconic fashion names such as Celia Birtwell and Kate Moss, have further advanced the brand's reputation as a fashion leader.
"Both Topshop and Topman have a brave and irreverent approach to style that has captured the imagination of the fashion conscious shoppers and industry insiders alike," adds Ms. Brooks.
Hudson's Bay Company was incorporated in 1670 by a British royal charter under King Charles II. With an unrivalled 341-year history in Canada, Hudson's Bay Company is renowned for its historical role in the development of the nation. Today, The Bay is Canada's leading department store and has established a reputation for quality, service, and more than ever, for style. A world-class department store, The Bay offers well edited assortments of exclusive and popular fashion, beauty, home and accessory designers and brands.
Hudson's Bay Company