Ikea plans to open in Oxford Street in 2023 after buying old Topshop store

The flagship store has been 'bought in a £378 million deal'.

10/26/2021 1:22:00 PM

BREAKING: Ikea plans to open in Oxford Street in 2023 after buying old Topshop store

The flagship store has been 'bought in a £378 million deal'.

The flagship store has been ‘bought in a £378 million deal’ (Picture: Matthew Chattle/Barcroft Media via Getty Images)Ikea is buying the former flagship Topshop store on Oxford Street in a £378 million deal, according to reports.The Swedish company will open the new shop in London in 2023 after Sir Philip Green’s retail empire Arcadia collapsed last year.

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Krister Mattsson, managing director of Ingka Investments, told the Financial Times: ‘This is a top, top location and we very much believe in London and the UK in the long, long term . . .‘The UK is also interesting after. In the long run, we think it’s going to land in a good way here.’

This is a breaking news story, more to follow soon…Check back shortly for further updates. Read more: Metro »

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Topshop was an exciting shopping vibe back in the late 90s and 2000s ...but not IKEA! Its okay its not like I go Oxford Circus that often anymore😒 Not sure how I get my set of KLEPPSTAD on the Central Line. Best have good loading bays somewhere out the back then.... Oxford Street is where you go to buy fashion not flat packs. And not forgetting the £12 Ulez charge,Not to mention what it cost to park.🙄 Park where?

RT : BREAKING: Ikea plans to open in Oxford Street in 2023 after buying old Topshop store

Ikea owner buys Topshop’s former London flagship storeFurniture chain plans to open shop in Oxford Street in autumn 2023 after paying estimated £378m Handy it got saddled with a massive mortgage before Arcadia collapse was it done retrospectively by Sheriff Green SLAMS and Shut the DOOR.

Ikea owner buys Topshop’s former London flagship storeFurniture chain plans to open shop in Oxford Street in autumn 2023 after paying estimated £378m Handy it got saddled with a massive mortgage before Arcadia collapse was it done retrospectively by Sheriff Green SLAMS and Shut the DOOR.

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