Ikea is in talks to acquire the former Topshop store on bustling Oxford Street in London as part of its strategy to open stores in city centers
Ikea said last year it made a list of 40 major cities around the world “to showcase their vibrant, urban destinations.”
Swedish furniture chain Ikea has advanced discussions as part of its strategy of opening stores in city centers to take over the former Topshop store on bustling Oxford Street in London.
The company has previously looked at other buildings on Oxford Street, including the former BHS, but reportedly has shown “serious interest” in the Oxford Circus location, senior real estate sources told The Mail on Sunday.
Ikea said last year it made a list of 40 major cities around the world “to showcase their vibrant, urban destinations.”
Sources said the move to the former Topshop premises was an important explanation of Ikea’s global ambitions for the new raft of stores.
Other possible occupiers are Amazon, JD Sports, and Mike Ashley’s Frasers Group.
The store is one of the most famous in the capital.
Ikea, which has a kitchen and bedroom planning studio on Tottenham Court Road and last year revealed plans to open a store in Hammersmith, west London, declined to comment.
advertising
