Ikea Buys Topshop's Former Oxford Street Flagship for $522 Million - NewsBreak
By Martin in Business
Updated 2 years ago
LONDON — The last of the fallen Arcadia Group's assets, its famous Topshop flagship on 214 Oxford Street, Oxford Circus, has found a buyer. Swedish furniture giant Ikea bought the retail space, the former glory of Sir Philip Green's Arcadia Group, paying 378 million pounds, or $522 million, for the leasehold, 7 million pounds lower than the previously reported 385 million pounds.