Word: britishers
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Green, the billionaire owner of the Arcadia Group, which controls a clutch of British clothing chains including Miss Selfridge and Wallis, is watching a spot about the latest fashion collection to hit Topshop, the jewel in Arcadia's crown. The much ballyhooed line inspired by Kate Moss--the supermodel's wardrobe formed the basis of the designs--went on sale the previous night at the chain's flagship store in London. Basking in the nonstop Moss-fueled coverage, Green can't help smiling: "You couldn't dream for a better start," he says. On May 9, the hype crossed...
...appealing to a broader demographic than its competitors, by getting its new designs quickly to market and--in a category where inexpensive too often equals cheap--by emphasizing quality. This combination of fashion and value has "changed the way we dress," says Lauretta Roberts, editor of Drapers, the British fashion-business bible. That mix has also made the retailer a hit not just with the masses but with celebrities and fashion bigwigs as well. No American fashion editor's trip to Britain is complete, for example, without a pilgrimage to Topshop...
...company retools its supply chain, Topshop is beginning to focus on the U.S. The track record of British clothing retailers in the States is not particularly auspicious. Several British retailers, including the ubiquitous British chains Next and Marks & Spencer, have retreated after failing to come to grips with the ultracompetitive U.S. market...
Topshop's European rivals, on the other hand, have been quick to pile into the relatively untapped U.S. market--while fast fashion accounts for around 12% of the British clothing market, it is just 1% of the total in the U.S., according to Bain, a consulting firm. Spying massive opportunities, Spain's Zara has two dozen stores in the U.S.; Swedish chain H&M boasts more than 100. Not Topshop. Though it has sold individual collections in America--along with the Kate Moss range at Barneys, Topshop's Unique line sells in the Opening Ceremony boutique in New York City...
WHEN POISONED ex--KGB spy turned Kremlin critic Alexander Litvinenko, inset above, lay dying in a London hospital last year, he famously pointed the finger at Vladimir Putin, calling the Russian President "barbaric and ruthless." Now British prosecutors have challenged Russia by requesting the extradition of ex--KGB bodyguard Andrei Lugovoi in the murder--a request Russia promptly refused. Lugovoi, who denies any guilt, met with Litvinenko at a London hotel the day his tea was poisoned with the radioactive substance polonium...