Sir Philip Green, the Topshop tycoon, is interested in buying the beds retailer Dreams.
It is understood that Sir Philip is interested in selling Dreams beds as part of BHS, his department store chain.
The LA outlet is the fourth of his Topshop/Topman shops to open in the US, with further sites in New York, Chicago and Las Vegas.
Sir Philip, who declined to comment on Dreams, said the latest store, located in The Grove, one of city’s most upmarket shopping destinations, is a “particularly exciting opening” for the company.
Topshop has 319 stores in the UK as well as franchises operating in 37 countries around the world. In addition to targeting the US, Sir Philip wants to take the British brand to China and last year agreed a deal to open a Topshop in Hong Kong.