US investor circles Topshop

According the Financial Times, a deal could be struck as early as later this week. Media reports value the chain, which is part of Green's Arcadia group, at around £1bn. Green bought the Arcadia group in 2002 for an estimated £840m.

Leonard Green is a private equity house based in Los Angeles, California. It usually targets businesses valued in the $500m-$2bn range. The firm is notably invested in US-based retailer J Crew.

Arcadia employs 43,000 staff. It generated total sales of £2.68bn and pre-tax profit of £166.9m in the 2011-2012 fiscal year. Although figures specific to Topshop were not released, it is understood to be one of Arcadia's most profitable businesses.

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• Topics
• UK / Ireland
• Buyouts
• Consumer
• United Kingdom