As Top Shop owner seeks funds...
Strathberry opens store in Edinburgh’s style zone
Meghan Markle is a fan of the brand (pic: Terry Murden)
Luxury goods brand Strathberry, whose handbags are favoured by the likes of Meghan Markle its first store in Edinburgh.
The group, which is based in the capital, will occupy a unit in the city’s style zone – Multrees Walk – alongside Burberry, Mulberry, Coach, and Louis Vuitton. It expects to open before Christmas and in anticipation of the opening of the nearby St James Quarter in the Spring.
Strathberry, which has sites in London’s Burlington Arcade and in Shanghai, was founded in 2013 by husband-and-wife duo Guy and Leeanne Hundleby. Its products are designed in Edinburgh, but made in Spain.
Leeanne said: “We are incredibly excited to open on Multrees Walk and to bring Strathberry into our home town, and in such a vibrant and exclusive part of the city.
“This feels like the perfect way to celebrate our Scottish roots and connect with our local customers in a new way.”
Strathberry bags, made in Spain
The interior of the new flagship store is inspired by fashion designer Pierre Cardin’s iconic Palais Bulles, which was the setting for one of Strathberry’s campaigns.
The Duchess of Sussex enhanced the brand’s status when she was seen with one of its Midi Tote Tri-Colour bags on her first royal engagement with Prince Harry.
Other high-profile fans of the luxury brand include Lady Gaga, Katie Holmes, Rose Leslie, Heidi Klum, Alessandra Ambrosio and Julianne Hough.
Top Shop owner seeks funds
Topshop owner Arcadia is hoping to raise around £30m after the second lockdown in England shattered group sales.
Talks are understood to be progressing and a deal could be close to being reached, according to Sky News.
Arcadia is led by Sir Philip Green who is said to have contingency plans in place but there is confidence it will secure financing to continue trading.
Top Shop hoping for a deal (pic: Terry Murden)
A spokesman said: “Clearly, the second UK lockdown presents a further challenge for all retailers and we are taking all appropriate steps to protect our employees and other stakeholders from its consequences.”
As well as Topshop, the group also owns the chains Topman, Miss Selfridge, Evans, Burton and Dorothy Perkins.
Non-essential retailers in England have been forced to close for four weeks until 2 December to contain the spread of the coronavirus.
Arcadia’s stores in Wales, Scotland and Northern Ireland have now reopened.