Topshop boss Philip Green, 56, looks set to take over the British high-street. Kate Moss’ pal spent the weekend in Iceland negotiating a deal to purchase the debts of Icelandic retail investor Baugur. Baugur’s debts are estimated at over £1bn ($1.7bn), naturally Green will buy at a significant discount.

Japan is an exciting market for H&M with fashion conscious consumers with great spending power. With a population of 128 million of which almost 13 million in Tokyo, we see great opportunities for expansion in this part of the world - Rolf Eriksen, CEO of H&M

H&M have announced plans to open their first store in Japan, to be located in Tokyo’s shopping district, Harajuku. Currently under construction, the building is expected to have a 1,500 square metre sales floor and is due for completion in autumn 2008. The first, …