Topshop Hires From Burberry For New Top Job

Topshop  has recruited its new CEO from Burberry HQ. Paul Price, who was chief merchandising officer at the luxury British fashion house, has been with Burberry for over a decade, where he was in charge of all product in womenswear, menswear, accessories and childrenswear. He will begin his new role on September 4th.

"I believe Paul will be a great catalyst in leading the next phase of Topshop and Topman’s global expansion," said the brand's Arcadia owner Philip Green today.

Price will replace Mary Homer in the role, following her departure in March this year. Homer had been with Topshop for 30 years, before leaving to head up The White Group. Both Homer and Green said at the time that the parting was amicable.

Price's appointment adds to the new line-up on the British high street. In October last year, Paula Nickolds was named the new managing director of John Lewis, while last May, Steve Rowe took over at Marks & Spencer, both faced with the challenge of increasing profitability amidst consumer cautiousness - a task that will also be a key objective for Price when he picks up the baton this autumn.

He leaves Burberry as a new dawn begins there also. This summer, Marco Gobbetti will finally come on board at the brand officially as CEO, having been in an executive chairman role since January this year. He takes over from chief creative officer Christopher Bailey who had held both roles since the departure of Angela Ahrendts in 2013.