Sir Phillip Green

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This week, Sir Phillip Green finalized a deal with Leonard Green & Partners to sell a 25% stake in Topshop and Topman. So what does that mean for Topshop? Major growth, especially in the U.S.

More exciting Nordstrom news! Even more exciting if you live in a city that doesn't have a Topshop. The department store has just announced plans to install Topshop departments in 14 of its locations in the U.S. Each one will get a 2,500-square-foot Topshop women’s and 1,500-square-foot Topman.

Kate Moss and Topshop Break Up: Kate Moss's 14th collection for Topshop this October will be her last. Since it was recently announced that Sir Phillip Green's 19-year-old daughter Chloe has started training with the company, rumors have started swirling that she'll replace Moss as the face of Topshop. There are also reports that was not an amicable one. {Daily Mail} Target Craze Catches Gilt Off-Guard: Some shoppers weren't able to get their Target from Gilt. It's unclear at this point whether Gilt oversold the Target merch (which included Mulberry, Tucker and John Derian for Target), but they're offering shoppers who were unable to get their goods a $25 credit. {Racked} Tomas Maier for H&M?: Bottega Veneta creative director Tomas Maier is rumored to be the next designer to collaborate with H&M. The brand has released two ambiguous videos to build hype around their next two collaborations. The grand reveal is on September 9th. Thoughts on the mysterious lady designer? Carolina? Vivian Westwood? Who could it be? {fashionologie}