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British fast-fashion retailer Topshop will take over the soon-to-be-abandoned Borders corner location on North Michigan Avenue next spring, openings its first midwestern flagship store. Situated next to Filene's Basement, the Topshop/Topman will span 30,000 square feet.
This will be Topshop's second American location—its first opened in New York's SoHo in March, 2009—and owner Sir Philip Green says he is currently scouting locations in Las Vegas, San Francisco, Miami, and Los Angeles. There are also plans to open a second Manhattan Topshop location uptown, though Green tells WWD that the negotiations thus far have been "tortuous."
"We’ve had 12 negotiations so far, and I’d just like to say I don’t have ‘stupid’ written on my forehead. I’m not into ego trips. We are investors building a brand, and I need these stores to make money,” he said.
· Topshop to open in Chicago [WWD]